Higher inflation and weaker growth ahead are inevitable for the global economy as a consequence of the Iran war, the head of the International Monetary Fund warned on Monday as the institution prepares to cut its forecasts.

IMF head warns Middle East war will lead to higher inflation and slower global growth

Higher inflation and weaker growth ahead are inevitable for the global economy as a consequence of the Iran war, the head of the International Monetary Fund warned on Monday as…

Kristalina Georgieva says even ‘most hopeful scenario’ will lead to growth downgrade and cause permanent hit to living standards

The conflict has driven up prices of oil, natural gas, damaged refineries and other energy infrastructure.