Economy

“IMF lowers growth outlook, warns of global recession if Iran oil shock is severe”

“The International Monetary Fund on Tuesday lowered its outlook for global economic growth this year and warned that the global economy could risk slipping into a recession if the oil shock from the Iran war is severe…

The IMF laid out three scenarios for global growth given the uncertainty of the conflict. If the war is short-lived and damage to oil facilities is limited, global growth is projected to rise 3.1% this year, slower than the 3.4% pace of the past two years…

The IMF also raised its inflation forecast for the year. Global inflation, which had been projected to drop, is now expected to head higher by 0.7% to 4.4% this year due to the global energy shock. That would be up from 4.1% last year…”

https://finance.yahoo.com/economy/article/imf-lowers-growth-outlook-warns-of-global-recession-if-iran-oil-shock-is-severe-130000854.html

Did the Trump administration forget midterms is coming up? Stop messing around in the middle east and focus on domestic issues. Trump only has a little over 2 years in office. It’s impossible to solve all the worlds problems plus he doesn’t have time. He should use what little time he has left to fix Americas’ problems.

Leave a Reply