Middle East War Will Slow Global Growth

New York Times: “War in the Middle East has upended the world economy, the International Monetary Fund said on Tuesday, warning in a report that disruptions to oil markets could slow growth, fuel inflation and raise the possibility of a global recession.”

“The sober message came after the global economy had largely weathered a pandemic, Russia’s war in Ukraine and soaring inflation without tipping into a recession. But President Trump’s decision to initiate a war in Iran has stopped the world economy in its tracks.”