War will slow global economic growth: IMF
WASHINGTON — War in the Middle East has upended the world economy, the International Monetary Fund said Tuesday, warning in a report that disruptions to oil markets could slow growth, fuel inflation and raise the possibility of a global recession.The sober message came after the global economy had largely weathered a pandemic, Russia’s war in Ukraine, and soaring inflation without tipping into a recession. But President Donald Trump’s decision to initiate a war in Iran has stopped the...
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