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Euronews

Quirino Mealha

IMF drops Eurozone's economic growth forecast to 1.1% from 1.4% amid Iran war

International Monetary Fund eurozone Euro Iran Inflation Lindsay James United States Oil

Economic prospects for the eurozone have dimmed, with the IMF lowering its GDP growth forecast to 1.1% for the current year.

This downgrade from the earlier 1.4% estimate comes as a direct consequence of the war in Iran, which has sent shockwaves through international markets.

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