IMF warns war in Iran will leave a lasting drag on world growth
The IMF lowers its global growth outlook and flags the Iran conflict as a lasting drag on the world economy, planning between $20–$50 billion in emergency balance‑of‑payments support while cautioning there will be no neat return to pre‑war conditions; the crisis drives energy costs higher, disrupts supply chains and undermines market confidence, with about 45 million people facing food insecurity. The World Bank also signals slower regional growth and says up to $25 billion can be mobilized quickly for affected developing countries, with as much as $60 billion available over the longer term.
