IMF Warns Middle East War Could Worsen Global Economy if Prolonged

IMF Managing Director Kristalina Georgieva warned on May 7 that the ongoing Middle East war involving Israel and the US will slow economic growth in Africa and worsen the global cost of living crisis. She cautioned that if the conflict extends into 2027, the global economic outlook could deteriorate significantly, impacting multiple regions. The war threatens energy supplies and economic stability worldwide, raising concerns about prolonged disruption.