The International Monetary Fund (IMF) warned the US-Israel war with Iran could plunge the global economy into recession
The International Monetary Fund (IMF) warned the US-Israel war with Iran could plunge the global economy into recession
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'Bit of pain' worth long-term security from Iran, Bessent tells BBC
US Treasury Secretary said a "small bit of economic pain" was worth it to eliminate the threat of Iranian strikes on Western capitals.
In its World Economic Outlook report, the IMF said in a worst-case scenario oil, gas and food prices spike and remain high this year and next