The IMF warned of the risk of an economic recession due to the situation in Iran

The International Monetary Fund (IMF) believes that the conflict in Iran could lead to a global economic recession. This was reported on April 14 by The Guardian newspaper.

"The closure of the Strait of Hormuz and serious damage to critical facilities in the region, which is central to global hydrocarbon supplies, increase the likelihood of a major energy crisis if hostilities continue," said Pierre—Olivier Gourincha, chief economist at the IMF.

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