The International Monetary Fund will downgrade its global growth forecasts due to the Middle East war, managing director Kristalina Georgieva said Thursday, warning of lasting economic damage even in the most optimistic scenario.
"Even in a best case, there will be no neat and clean return to the status quo ante," Georgieva said, citing spiralling energy costs, infrastructure damage, supply disruptions and a collapse in market confidence as factors that would weigh on growth regardless of how the conflict unfolds.
