IMF says strait of Hormuz closure raises prospect of ‘major energy crisis’ – video
The International Monetary Fund is forecasting a range of possible global economic scenarios due to the ongoing conflict in the Middle East.
IMF’s chief economist, Pierre-Olivier Gourinchas, says: ‘Our adverse scenario assumes further disruption, leading to higher energy prices and inflation expectations, and tighter financial conditions throughout the year … Our severe scenario assumes that energy supply disruptions extend into next year with greater macro instability’
https://www.theguardian.com/business/2026/apr/14/imf-world-economic-outlook-energy-crisis-global-recession-australia-fuel">IMF warns ‘unprecedented’ energy crisis could trigger global recession as Australia prepares for Washington talks
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