IMF Warns Middle East War Threatens Global Economy

The International Monetary Fund warned that the ongoing conflict in the Middle East could lead to a much worse outcome for the global economy if the war continues into 2027. The IMF said the energy shock from the Iran war could cost an average Italian family between 450 and 2,270 euros. It also warned that Europe could face a recession as a result of the conflict. The fund's chief said the situation could deteriorate significantly if the war does not end soon.