NonilexApr 14

#War in the #MiddleEast has upended the #world #economy, the #IMF said Tues, warning in a report that disruptions to #oil markets could slow growth, fuel #inflation & raise the possibility of a global #recession.

The sober message came after the #GlobalEconomy had largely weathered a #pandemic, #Russia’s war in #Ukraine & soaring inflation without tipping into a recession. But #Trump’s decision to initiate a war in #Iran has stopped the world economy in its tracks.

#FDT
https://www.nytimes.com/2026/04/14/business/iran-war-imf-economic-growth.html?smid=nytcore-ios-share

Middle East War Will Slow Global Economic Growth, I.M.F. Warns

The conflict could also fuel another bout of inflation, according to the International Monetary Fund.

The New York Times
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In its latest World Economic Outlook, the #IMF sharply downgraded its growth forecasts, exposing the economic fallout from a #GeopoliticalCrisis that has roiled #energy #prices & injected a new bout of uncertainty into the #GlobalEconomy.

“The global outlook has abruptly darkened following the outbreak of #war in the #MiddleEast,” Pierre-Olivier Gourinchas, the #IMF’s chief economist, wrote in the report. “The war interrupted what had been a steady growth trajectory.”

#Trump #ETTTTS #economy

Apr 14 at 4:12pmWeb
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The #IMF said that even if the #war is short-lived, the damage to the #GlobalEconomy has been done. In that best-case scenario, the fund expects global growth to fall to 3.1% this year from 3.4% in 2025. That is down from the 3.3% that the fund projected in January. It is also lower than the 3.4% growth that it was prepared to project before the war broke out & #oil shipments through the #StraitOfHormuz were halted.

#Trump #ETTTTS #IranWar #economy

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@Nonilex
From an environmental standpoint, any upward trajectory of the global economy just means that the destruction of the planet continues apace. What we need is negative growth. Positive economic growth in any amount is merely an indirect measure of the money winding up in the pockets of billionaires and wasted building weapons.