Washington, April 15 (IANS) The global economy is facing a sharp slowdown and rising inflation risks as the war in the Middle East disrupts energy supplies, the International Monetary Fund (IMF) warned on Tuesday, signalling heightened uncertainty for policymakers and markets.Presenting the latest World Economic Outlook, IMF Chief Economist Pierre-Olivier Gourinchas said the conflict has “halted” earlier growth momentum and raised the risk of a major energy shock, with oil and gas prices sur…
Latest Gulf economies News & Updates
New Delhi, March 19 (IANS) Pakistan’s fragile economy faces a major risk from the US-Israel war with Iran, as the country is heavily dependent on imported fuel and energy prices have shot up due the conflict which has spread across the Middle East countries.If the war drags on and energy prices remain elevated, Pakistan could once again find itself facing the kind of macroeconomic stress that has repeatedly disrupted its growth trajectory. Any volatility in global energy prices could hit GDP, …