IMF warns that economic growth may fall below 2 percent if Iran war prolongs

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

Canada welcomes offer to become 'associate member' of EU

Kathmandu. Canadian Prime Minister Mark Carney has welcomed the European Union's proposal to make Canada the first 'associate member'. He pointed out the need for more cooperation between Canada and Europe in areas such as defense, critical minera...

Preparations for 'Tokyo Week' complete, Pandit Deenbandhu in Tokyo

Tokyo. Preparations for 'Tokyo Week-2025', which is to be held in Tokyo, Japan next week, are almost complete. A great yajna is going to be held in Tokyo's Shinjuku from November 8 to 15 to build its own building and temple for the Nepali communit...

Trump forced to extend ceasefire with Iran

Kathmandu. US President Donald Trump has been forced to extend the ceasefire period in Iran. The 14-day ceasefire on March 7 was ending on Wednesday. A few hours before the end of the ceasefire period, Trump announced that it has been extended ind...

In the US, it is strict for Nepalis to get government concessions, visa and green card will be canceled if they submit false information

Kathmandu. With the administration of US President Donald Trump tightening the immigration policy, the Nepalis in the US will not be able to enjoy various social benefits from the government there.

Recently, the Trump government, which has b...

After the drone attack on the ship, the US launched a new attack on Iran

Kathmandu. After a drone attack on a Panamanian-flagged commercial ship in the Strait of Hormuz on Saturday, the US launched a new air strike against Iran. The American Central Command has confirmed that various addresses inside Iran were targeted...

Hindu leaders banned from contesting elections in Bangladesh

Dhaka. A Hindu leader has been barred from contesting elections in Bangladesh. Elections are scheduled to be held in Bangladesh on February 12. Govind Chandra Pramanik had filed his candidature for the parliamentary elections from Gopalganj (3) co...