The energy crisis is ongoing! The war situation in West Asia can have a big impact on the world economy. Such warning is in the report of the International Monetary Fund (IMF). Where it is claimed, the world economy will face a severe recession. The economy is facing its fifth such recession since 1980.
In the report called World Economic Outlook, the IMF claims that the war that America and Israel are currently fighting with Iran will have a terrible impact on the world economy if it continues for a long time. The world economy will fall into recession. According to the report, the impact will continue not only in 2026 but also in 2027. That is, oil, gas and food prices will continue to rise. The IMF report has expressed fears that the growth rate of the world economy will remain below 2 percent this year. The current situation, the deadlock created by the war, has caused what the IMF claims is the ‘fifth recession in the world economy since 1980’.
The IMF has claimed that the “fifth recession in the world economy after 1980” has occurred.
The report also said that if the price of oil per barrel reaches an average of $110 this year and $125 next year, the global economic recession will take an extreme form. And as a result, the International Monetary Fund has expressed fear that inflation may be up to 6 percent in 2027. US Treasury Secretary Scott Besant, however, does not see cause for alarm in the IMF’s forecast. In an interview given to the press, he said, “In order to eliminate the threat of Iran’s nuclear attack on the Western world, we have to accept ‘a few economic problems’.”
Comments are closed.