The conflict in the Middle East will further worsen the global economic outlook, already strained by ongoing trade disputes, the managing director of the International Monetary Fund (FMI) has told Euronews in an interview.
“Being hit by a trade war has consequences. We have projected a decline in global growth by half a percentage point,” Kristalina Georgieva said, adding: “What we witness now is more turbulence in the Middle East, which adds to uncertainty and therefore is bad for business.”
