Washington, April 9: The Iran war is darkening the outlook for the world economy – whether or not a fragile ceasefire holds, the head of the International Monetary Fund warned Thursday.
IMF Managing Director Kristalina Georgieva said the fund will downgrade its forecast for the world economy next week.
“Had it not been for this shock, we would have been upgrading global growth,” Georgieva said in remarks ahead of next week’s IMF-World Bank spring meetings. “But now, even our most hopeful scenario involves a growth downgrade.’’
Georgieva said on Thursday, “growth will be slower-even if the new peace is durable.’’ (AP)
