Meengla
Elite Member
Let's not underestimate the impact of catastrophic regional war on the global economy and here is NY Times when $hit is yet to hit the fan.
The global economy is set to slow sharply in 2026 after the war with Iran disrupted energy supply chains and triggered a fresh bout of inflation, the International Monetary Fund warned on Wednesday.
The forecasts reflect the damaging toll from the decision by the United States and Israel to attack Iran this year. Those attacks spurred Iranian retaliation on energy infrastructure in the region, destabilizing a world economy that had already been rocked by the Covid-19 pandemic and Russia’s war in Ukraine.
Global output is poised to fall to 3 percent in 2026 from 3.5 percent last year, according to an update for the I.M.F.’s World Economic Outlook. That is slightly slower than the fund’s April projection of 3.1 percent growth, underscoring the protracted nature of the conflict.
The forecasts remain subject to considerable uncertainty. Attacks on tankers trying to transit the Strait of Hormuz this week have raised doubts about the durability of the recent cease-fire between the United States and Iran, and on Tuesday the United States rescinded a waiver on sanctions that would have allowed more Iranian oil to be sold on global markets.
The global economy is set to slow sharply in 2026 after the war with Iran disrupted energy supply chains and triggered a fresh bout of inflation, the International Monetary Fund warned on Wednesday.
The forecasts reflect the damaging toll from the decision by the United States and Israel to attack Iran this year. Those attacks spurred Iranian retaliation on energy infrastructure in the region, destabilizing a world economy that had already been rocked by the Covid-19 pandemic and Russia’s war in Ukraine.
Global output is poised to fall to 3 percent in 2026 from 3.5 percent last year, according to an update for the I.M.F.’s World Economic Outlook. That is slightly slower than the fund’s April projection of 3.1 percent growth, underscoring the protracted nature of the conflict.
The forecasts remain subject to considerable uncertainty. Attacks on tankers trying to transit the Strait of Hormuz this week have raised doubts about the durability of the recent cease-fire between the United States and Iran, and on Tuesday the United States rescinded a waiver on sanctions that would have allowed more Iranian oil to be sold on global markets.











