IMF Chief warns Iran war will permanently scar global economy

IMF Chief Kristalina Georgieva warned that the ongoing Iran war will permanently scar the global economy, even if peace is achieved. She noted that the conflict would lead to a downgrade in global growth forecasts and a lasting impact on living standards. Georgieva urged governments to adopt targeted measures to support vulnerable households amidst rising economic uncertainty.

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Summary by Glance · Original reporting by The Guardian Australia – Business