IMF warns of looming inflation crisis on back of US-Israel war on Iran
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The International Monetary Fund has warned of a potential inflationary crisis due to the US-Israel war on Iran, which has driven up oil and natural gas prices and damaged energy infrastructure. The IMF will downgrade its forecast for the world economy next week, citing the conflict's impact on global growth and trade.
The US-Israel war on Iran has led to a surge in oil and natural gas prices, damaging refineries and other energy infrastructure. The International Monetary Fund has warned of a potential inflationary crisis, citing the conflict's impact on global growth and trade. The IMF will downgrade its forecast for the world economy next week. The conflict has disrupted shipments of fertilizer and damaged business and consumer confidence. The IMF Managing Director has urged member countries to build resilience and prepare for potential economic shocks.
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