IMF will lower its global economic growth forecast.

On the 9th, International Monetary Fund (IMF) Managing Director Georgieva said in Washington, D.C., that due to the impact of the Middle East conflicts, the IMF will downgrade its global economic growth forecast. The impact of the Middle East conflicts on the global economy depends on whether the current U.S.-Iran ceasefire can be maintained and bring lasting peace. Georgieva said during the IMF spring meeting preview event that the global economy is currently being tested by the conflicts in the Middle East. The conflicts have brought significant disruptions to the supply field, spreading globally and affecting different parties in different ways. She stated that the supply disruptions have already resulted in and will continue to have chain reactions, including refinery closures, shortages of finished products, and food shortages. The impact of the conflicts will be reflected through three main channels: rising prices and supply shortages, increasing inflation expectations, and tightening financial conditions. Georgieva said that if it were not for the impact of the conflicts, the IMF had originally planned to raise its global economic growth forecast during the spring meeting next week; now, even in the most optimistic scenario, the IMF will lower this forecast.