Iran war will hit global growth hard: IMF

IMF Chief Economist Pierre-Olivier Gourinchas said the Iran war is weighing on the global growth outlook, signaling a material downside risk to world economic activity. The remarks are broadly negative for risk sentiment and suggest geopolitical spillovers could pressure growth expectations across markets.

Analysis

IMF Chief Economist Pierre-Olivier Gourinchas said the Iran war is weighing on the global growth outlook, signaling a material downside risk to world economic activity. The remarks are broadly negative for risk sentiment and suggest geopolitical spillovers could pressure growth expectations across markets.