The war in the Middle East has caused serious disruption to the economies of frontline countries, and is dimming the outlook for many economies that had just started to recover from previous crises, Reuters reports citing the International Monetary Fund (IMF).
In a blog published by the global lender’s top economists, the IMF said the war launched by US and Israeli strikes against Iran on February 28 was causing a global, but asymmetric shock and leading to tighter financial conditions.
