UK set to grow less than expected this year as IMF revises forecasts down

IMF Warns of Broad Global Impact Due to Conflict in the Middle East

IMF Warns of Broad Global Impact, Due to Conflict in the Middle East. According to 'The Guardian,' the International Monetary Fund recently highlighted the risks of escalating conflict in the Middle East with two new reports. . The reports, titled World Economic Outlook (WEO) and the Global Financial Stability Review (GFSR), comes amid heightened fears of a war between Iran and Israel. The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy. The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy. That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war. That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war. 'The Guardian' reports that previous Middle East conflicts have resulted in significantly higher oil prices. . Pierre-Olivier Gourinchas, the IMF’s economic counsellor, said the organization was evaluating the potential for another commodity shock from the conflict. The increased inflation that would come from higher energy prices would trigger a response from central banks that would tighten interest rates in order to secure inflation coming back to target, and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'. The increased inflation that would come from higher energy prices would trigger a response from central banks that would tighten interest rates in order to secure inflation coming back to target, and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'. It would do so in a context in which, in some countries, activity and growth is already fairly weak, so that might also have a strong effect there, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'. According to Gourinchas, the impact of a 15% increase in the price of oil, combined with higher shipping costs, could result in a 0.7% increase in global inflation. According to Gourinchas, the impact of a 15% increase in the price of oil, combined with higher shipping costs, could result in a 0.7% increase in global inflation. Gourinchas also warned that such an increase would also bring down business confidence and global investment.

IMF Question Pakistan Over Claims of Meeting Targets Even Before Proper Review| Oneindia News

The IMF team, led by Nathan Porter, expressed dismay at Pakistan's finance ministry for prematurely claiming fulfillment of structural benchmarks. Before completing their review, the team arrived to analyze economic data. The ministry's premature announcement left the IMF unable to provide feedback. Pakistan's finance minister assured such incidents wouldn't recur. Discussions continue for the release of the last $1.1 billion tranche, with speculation of a potential mini-budget to boost revenues. #IMF #NathanPorter #PakistanEconomicCrisis #IMFPakistan #PakistanEconomy #IMFBailout #Worldnews #Pakistannews #Economynews #Oneindia #Oneindianews ~HT.178~PR.152~GR.123~

Investing in women and girls: Is gender parity the key to economic prosperity?

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What we know so far about apparent Israeli attack on Iran

Despite calls for moderation from G7 leaders, it appears that Iran and Israel have shifted from a proxy war to direct confrontation.

Cameron hopes G7 can co-ordinate sanctions against Iran

Lord Cameron has described the situation in the Middle East as 'very concerning' but says he hopes Israel will act in a way that does not heighten tensions. Speaking in Jerusalem ahead of talks with prime minister Benjamine Netanyahu, the British foreign secretary also said he hopes to see co-ordinated sanctions against Iran from G7 countries, because it is responsible for 'so much of the malign activity' in the region. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Iran Attacks Israel: President Ebrahim Raisi Warns Israel of After Retaliatory Strikes| Oneindia

Iran's President Raisi warns Israel and its allies of a stronger response after Tehran's retaliatory strike. European nations condemned Iran's attack, prompting Iran to question their stance. Iran defends its military action as legitimate defense. The G7 plans to discuss the situation, reflecting escalating tensions in the region. #iranisrael #iranisraellivestream #iranisraelwarnewstodaylive #iranisraelwaraljazeera #iranisraelwarfootage #israeliranyudh #iranisraelconflict #Oneindia #Oneindianews ~HT.97~ED.155~