The IMF determines that the crisis due to the conflict in Iran will be "large, global, and asymmetric"

The International Monetary Fund (IMF) reiterates that the consequences of the war in the Middle East pose a serious risk to the international economy, which faces a "large, global, and asymmetric" supply shock, just days before the start of the international organization's and the World Bank's spring meetings at which they have already announced that they will lower growth forecasts. With a reduction in the daily flow of oil by 13% and of liquefied natural gas (LNG) by up to 20%, the effects of the crisis will have strong disruptions in the global economy, which, however, will affect to a greater extent the countries close to the conflict points and those that depend on energy imports. Thus, in all cases considered by the IMF, the impact will put the growth expectations for this year in jeopardy. "Even our most optimistic scenario involves a downward revision of growth," said IMF Managing Director Kristalina Georgieva in the opening speech of the spring meetings. "When we welcome ...