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IMF warns if Iran war continues, it will bring global economy closer to “unfavourable” scenario

# The International Monetary Fund is warning that the continued disruption from the Iran war is pushing the global economy toward a more “adverse” scenario, marked by weaker growth and higher inflation risks. It says global growth could slow to 2.5-percent, down from the 3.1-percent forecast in its baseline outlook. The blocking of the Strait of Hormuz, which normally sees about a fifth of global oil and gas supplies pass through it, has caused energy prices to skyrocket worldwide. The IMF says inflation expectations are still reasonably well anchored.