IMF says worst - case global economy warning is now the working assumption - oil shock hit

IMF chief Georgieva has abandoned the fund's mild slowdown forecast, warning that if the Middle East war continues into 2027 with oil at $125 a barrel, a "much worse" global economic outcome must be expected.Summary:The IMF's previous baseline forecast of a minor global growth slowdown and modest price increases from the Middle East conflict has been dropped, according to IMF Managing Director Kristalina GeorgievaGeorgieva warned that if the war extends into 2027 alongside oil prices at $125 a...