IMF head says all roads point to lower global growth forecasts due to the Middle East conflict [SOUND]

# The International Monetary Fund says “scarring effects” caused by the Middle East war to date will mean slower global growth this year than first anticipated. Many countries have experienced rising petrol and diesel prices and higher airfares largely due to the closure of the critical Strait of Hormuz for most of the past six weeks. The US and Iran agreed on a two-week ceasefire on Tuesday. IMF managing director, Kristalina Georgieva, says this crisis is global, but it is also asymmetric: