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Jihad Azour, Director of the IMF's Middle East and Central Asia Department, stated during the annual meetings of the IMF and the World Bank on the 15th local time that "this war has left deep scars across various industries and destroyed major infrastructure." He added, "With countries forced to spend more to prepare…
IMF chief Kristalina Georgieva warns that Middle East disruptions could keep global growth and inflation under pressure even if the Strait of Hormuz reopens.
India could face fresh inflationary pressures if the Middle East conflict keeps energy prices high for longer, the International Monetary Fund (IMF) has warned. While India has kept its oil pipelines running by sourcing from alternative markets, the agency has predicted that prolonged high energy prices could raise…