IMF warns that economic growth may fall below 2 percent if Iran war prolongs
-
Media Baaji
- Wed, 15 April 2026
Kathmandu. The International Monetary Fund (IMF) has warned that if the Iran war continues for a long time and energy prices continue to rise, the world economy could be pushed into recession. According to the IMF's "World Economic Outlook" report, the war has again increased instability in the world economy. It has been mentioned that the blockage of the Hormuz waterway has seriously affected the energy supply.
It has been warned that if the prices of oil, gas and food items remain high for the next year, the global economic growth rate may drop below two percent in 2026. IMF Chief Economist Pierre-Olivier Gorinchas said, this could create a recession-like situation in the world, due to which unemployment would increase and food insecurity would deepen.
In a severe scenario, the average price of oil is estimated to reach $110 per barrel this year and $125 in 2027. Along with this, it is mentioned that the global inflation rate may reach 6 percent in 2027.
Express
Related News
US temporarily eases oil embargo on Iran
Kathmandu. An important diplomatic turn has been seen in the decades-long strained relationship between the US and Iran. The United States has decided to temporarily suspend the tough economic sanctions it is imposing on Iran in ongoing talks medi...
Trump claims to have arrested Venezuelan President Maduro and his wife
Kathmandu. US President Donald Trump has claimed that the United States has arrested Venezuelan President Nicolás Maduro and his wife. According to international media, Trump claimed that they were taken out of the country after the "large-scale"...
Unemployment numbers rising in Japan
Tokyo. The unemployment rate in Japan remained stable at 2.6 percent for the third month in a row in October. The number of unemployed is increasing. According to the Ministry of Internal Affairs and Communications, th...
Trump Claims 'New Assault' on American Identity
KATHMANDU: On the eve of the United States' 250th anniversary, President Donald Trump has delivered a strong political message, claiming that a new threat to the nation's identity has emerged. He alleged that the challenge has grown from "radicals...
Iran's stance on non-compromise on nuclear capabilities
Kathmandu. At a time when regional tensions were at their peak, Iran's supreme leader, Ayatollah Mojtaba Khamenei, made it clear that the country's nuclear and missile capabilities would not be compromised under any circumstances. In a state...
Best wishes for election success by Prime Minister of Bangladesh
Kathmandu. Prime Minister of Bangladesh Tariq Rahman has wished that the election of members of the House of Representatives scheduled for February 21 will be successfully completed. The Prime Minister of Bangladesh expressed his best wishes for t...