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
China stood in favor of Iran, said - "Economic embargo is not a solution"
Kathmandu. China has stated that the conflict in the Middle East will not be resolved by increasing US sanctions and pressure on Iran, and emphasized that the problem should be resolved through political and diplomatic means. This view of China ha...
US claims Iran's Supreme Leader Khamenei killed, denied by Iran
Kathmandu. US President Donald Trump has claimed that Iran's Supreme Leader Ayatollah Khamenei has been killed. On the social media platform Truth Social, Trump wrote, "One of the most brutal people in history, Khamenei, has been killed." This is...
Trump declared himself the acting president of Venezuela!
Kathmandu. US President Donald Trump has declared himself the acting president of Venezuela. Trump posted a photo of himself on social media and captioned it the acting president of Venezuela.
On January 3, the US took action against Venezue...
Trump Administration Fires Army Chief, Attorney General Amid Iran Tensions
Kathmandu. The Donald Trump-led US administration has seen widespread turmoil amid rising tensions with Iran and domestic political pressure. According to American media, Trump has intensified the 'cleansing' campaign within the administration. As...
Around-the-clock automated machines in Japan in crisis
Kathmandu. The well-known 'vending machine' culture seen in Japan's streets and tourist areas is now facing a serious challenge. The rise in prices around the world has also badly affected this automated retail business in Japan.
These machi...
Bangladesh President Mohammad Shahbuddin resigned
Kathmandu. The President of Bangladesh Mohammad Shahabuddin has resigned from his post. He resigned after the leaders of the Bangladesh Nationalist Party, which came to power after the new elections, pressured him to resign.
She fled B...



