IMF Chief: Global Economic Growth Forecast Lowered Due to Iran War

Odaily News: IMF Managing Director Kristalina Georgieva stated that the IMF has lowered its global economic growth forecast due to the Iran war. Given the spillover effects of the war, the IMF's short-term support needs are expected to rise to between $20 billion and $50 billion. The war shock has led to an increase in short-term inflation expectations, but long-term expectations remain unchanged. Even under the most optimistic scenario, growth forecasts have been revised downward due to infrastructure damage, supply disruptions, and loss of confidence. (Jin10)