IMF Warns Iran War Could Push World Into Recession

The IMF is warning that the war in Iran could tip the global economy into recession and is urging countries to prepare their economies for the impact. The fund sees a global oil shortfall this year and has lowered its growth outlook, saying there is no room for complacency. Its chief said the world must brace for tough times. The IMF also said the Bank of Japan can see through the inflationary shock caused by the Iran war.