IMF warns Iran war will raise prices, slow global growth

The head of the International Monetary Fund (IMF) warned that the war on Iran will drive higher inflation and slower global growth, even if the conflict ends quickly.

Managing Director Kristalina Georgieva told Reuters that the IMF is expected to downgrade its global growth forecast and raise its inflation outlook.

“Instead, all roads now lead to higher prices and slower growth,” Georgieva said.

“Even if the war is to stop today, there would be a lingering negative impact to the rest of the world.”

She added that without the war, the IMF had expected to slightly upgrade its growth projections.