IMF Warns Of GLOBAL RECESSION Due To War
The International Monetary Fund (IMF) has warned that a global recession is coming, thanks to the war with Iran. Any further escalation would trigger a global recession that would harm the United Kingdom far more than any other G7 country.
In its half-yearly update, the IMF said the UK would suffer the sharpest growth downgrade and the joint highest inflation rate in the G7 this year, even if the fallout from soaring energy costs can be contained by the middle of 2026, according to a report by The Guardian.
The IMF added that if a worst-case “severe scenario” unfolds, involving a drawn-out war and persistently higher energy prices, it said the world would face “a close call for a global recession” for only the fifth time since 1980.
The IMF chief economist, Pierre-Olivier Gourinchas, warned that the continuation of the war meant the world was moving closer to an “adverse scenario” in which oil prices would remain close to $100 this year before falling back to $75 in 2027.
“Of course, every day that passes, and every day we have more disruption in energy markets, we are drifting more towards the adverse scenario,” Gourinchas said.
Oil Prices Hit Multi-Year High Amid Persian Gulf Tensions
Iranian Official Warns of $200 Oil Prices Amid Escalating Strait of Hormuz Tensions
“The war in Iran is not our war, but it will come at a cost to the UK. These are not costs I wanted, but they are costs we will have to respond to,” said UK Chancellor Rachel Reeves in a rebuke of United States ruler Donald Trump and his war-mongering policies.
“To start a conflict without being clear what the objectives are and not being clear about how you are going to get out of it, I do think that is a folly. I feel very frustrated and angry that the US went into this war without a clear exit plan, without a clear idea of what they were trying to achieve,” Reeves added.
This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.
Source: https://www.shtfplan.com/war/imf-warns-of-global-recession-due-to-war
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,797,239,362 |
| Stories: | 8,622,945 |
Whistler Blowers, Insiders
