Washington (HRNW)- The International Monetary Fund (IMF) has warned that the situation arising from the Iran war could lead to a global economic crisis.
IMF Managing Director Kristalina Georgieva said in her statement that low-income and oil-importing countries are being affected the most by this situation, so countries should be careful in their fiscal policy.
She said that negative supply shocks could put further pressure on the economy, which could lead to an increase in inflation.
According to Kristalina Georgieva, central banks will have to keep a close eye on inflation risks, while governments should try to reduce economic pressure by using limited resources wisely.
According to experts, global geopolitical tensions could also have an impact on energy prices and global trade.
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