World · Middle East · 2 hrs ago

IMF Says Middle East War Will Widen Gap Between Rich and Poor Countries

IMF Says Middle East War Will Widen Gap Between Rich and Poor Countries

The International Monetary Fund says the war in the Middle East will widen the gap between rich and poor countries.

It also expects persistent conflicts, high energy costs and technological upheavals to slow global economic growth.

The forecast links those pressures to higher prices around the world.

The IMF’s warning concerns both the pace of growth and how its effects differ between richer and poorer countries.

Slower growth and rising prices could add to economic strain, especially in poorer countries.

The IMF forecast does not specify what will happen next or give a timeline.

Sources

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