The International Monetary Fund warned that the war in the Middle East could throw the global economy off course, with growth expected to slow to 3.1%.

The International Monetary Fund fears imminent new conflicts amid high levels of public debt, curbing room for maneuver. According to the financial institution, roughly 45% of the…

High oil, gas and food prices could force growth to slow if the US-Israel conflict with Iran continues, the IMF says.

The International Monetary Fund warned that the war in the Middle East could throw the global economy off course, with growth expected to slow to 3.1%.

The report notes that the worst-case "severe scenario," which assumes an extended conflict and high oil prices, would lead the world into another recession.

Middle East, emerging economies and UK particularly hit, as growth projected to fall and inflation to rise

Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.