International Monetary Fund (IMF) Managing Director Kristalina Georgieva has warned that even if the war against Iran comes to an immediate end, it will leave adverse effects on the global economy, resulting in higher inflation and slower growth.
Expressing her thoughts, Georgieva said the global lender would lower its forecast for global economic growth and raise its estimates for inflation.
She said that in the absence of conflict, the IMF had expected an improvement in global growth. However, current developments are pushing all indicators towards rising inflation and weaker growth. Even if the war ends today, its effects will continue to weigh on other parts of the world for some time.
Georgieva added that the economic consequences of the conflict will be discussed at the IMF meeting scheduled for next week.
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