IMF forecasts global economic slowdown, influenced by the Middle East war, impacting Europe, Spain, and the U.K.
16 reports, 4 independent
Updated Jul 10
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What happened
IMF forecasts global economic slowdown, influenced by the Middle East war, impacting Europe, Spain, and the U.K.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The IMF concluded its Article IV Consultation on a lapse-of-time basis, noting that current growth is insufficient for meaningful EU income convergence.Sub-event
IMF projects global economic slowdown due to Middle East war, affecting Europe, Spain, and the U.K.1 source
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The entities involved
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International Monetary Fund
international financial institution
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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Europe
terrestrial continent located in north-western Eurasia
Related events
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- Iran is experiencing economic decline and a severe cost-of-living crisis due to wars with the US and Israel, with the IMF projecting inflation rates.
- IMF warns advanced economies need debt reduction as conflict drives up oil prices and global inflation.
- IMF data highlights concerns about global debt projections and Europe's precarious economic situation, contrasting with US capacity.
- The economic outlook for Austria is being affected by the ongoing situation in the Middle East, impacting the country's national bank and trade.