IMF warns of looming inflation crisis on back of US-Israel war on Iran

The IMF has warned of a potential inflationary crisis due to the US-Israel war on Iran, which has darkened economic outlooks. IMF Managing Director Kristalina Georgieva stated that the global growth forecast would be downgraded next week due to the conflict's impact on oil and gas prices and business and consumer confidence. She also expressed optimism about gaining US Congressional approval for an increase in the IMF's lending resources.