economy
April 11, 2026
IMF warns of lasting economic damage from the war in the Middle East
The global economy faces slower growth due to supply disruptions caused by the conflict in the Middle East, IMF managing director Kristalina Georgieva has said
TL;DR
- The Middle East war has caused a major global energy supply shock.
- This shock is pushing up prices and will lead to weaker global economic growth.
- Oil and LNG shipments have fallen significantly, impacting global markets.
- An additional 45 million people have been pushed into food insecurity.
- The IMF anticipates lasting 'scars' on the global economy due to infrastructure damage, supply disruptions, and loss of confidence.
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