IMF Warns of Global Recession

The IMF's latest report presents a bleak scenario where oil prices exceeding $110 per barrel would make inflation nearly impossible to control for central banks.

Economists highlighted that the United Kingdom and Europe are particularly vulnerable, facing the most severe economic shocks among G7 nations.

The World Bank is reportedly preparing to mobilize up to $127 billion in emergency funding for countries hit hardest by the conflict.

Despite the gloom, some U.S. officials cast the forecasts as an overreaction, maintaining that the American economy remains resilient.