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IMF says constructive US-China dialogue, reduced tensions good for world economy
The fund said a prolonged conflict could lift inflation to 5.4% and cut global growth to 2.5%, while oil prices remain elevated.
- On Thursday, the International Monetary Fund warned the global economy is moving toward an 'adverse scenario' due to the Iran war, potentially raising inflation to 5.4% and cutting global growth to 2.5%.
- Iran's closure of the Strait of Hormuz disrupted energy markets, keeping crude oil prices above $100 per barrel and causing significant fiscal strain in oil-dependent nations since the conflict began on February 28.
- At least 12 countries are requesting financial assistance from the International Monetary Fund and World Bank, with total demand for new programs projected to range between $20 billion and $50 billion.
- The International Monetary Fund, World Bank, and International Energy Agency are launching a coordinated technical response, with each organization focusing on its area of expertise to manage the energy shock's economic impact.
- IMF spokesperson Julie Kozack said the fund welcomes constructive dialogue between President Donald Trump and Chinese President Xi Jinping, noting that reducing uncertainty benefits the global economy.
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13 Articles
13 Articles
"It is very important, of course, that the two largest economies in the world are dialogueing at the highest level," the entity's spokesman said.
·Brazil
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The International Monetary Fund (IMF) today welcomed the start of a constructive dialogue
·Belgrade, Serbia
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IMF Says Constructive US-China Dialogue Good for World Economy
The International Monetary Fund said on Thursday that it welcomes the initial positive dialogue between US President Donald Trump and Chinese President Xi Jinping, adding that reducing tension and uncertainty between the world's two largest economies was good for the world. "It's very important, of course, that the world's two largest economies are engaging at the highest level," IMF spokesperson Julie Kozack told a news briefing when asked a…
·Riyadh, Saudi Arabia
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Coverage Details
Total News Sources13
Leaning Left0Leaning Right4Center4Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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