📌 The International Monetary Fund: The Iran War Threatens Price Increases and Global Growth Slowdown
📍 The IMF warned that the Iran war threatens to create a "global but uneven shock," weakening the prospects of economies that had just begun to recover from previous crises.
📍 It added that countries in Africa and Asia heavily depend on oil imports and are facing increasing difficulty in obtaining necessary supplies "even with rising prices."
📍 It also warned that alongside energy disruptions, rising food and fertilizer prices are impacting some countries from the Middle East to Latin America, with low-income economies at risk of food insecurity.
📍 Additionally, the disruption of crop nutrients supplies from the Gulf region comes at a time when the planting season begins in the Northern Hemisphere, threatening crops throughout the year.
📍 The IMF noted that people in low-income countries are most at risk when food prices rise, as food accounts for about 36% of their spending on average, compared to 20% in emerging economies and 9% in advanced economies.
📍 It explained that "any sharp increase in fertilizer and food prices is not just an economic problem, but also a social and political issue, especially in countries that lack sufficient financial resources to mitigate the shock's effects."
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📍 The IMF warned that the Iran war threatens to create a "global but uneven shock," weakening the prospects of economies that had just begun to recover from previous crises.
📍 It added that countries in Africa and Asia heavily depend on oil imports and are facing increasing difficulty in obtaining necessary supplies "even with rising prices."
📍 It also warned that alongside energy disruptions, rising food and fertilizer prices are impacting some countries from the Middle East to Latin America, with low-income economies at risk of food insecurity.
📍 Additionally, the disruption of crop nutrients supplies from the Gulf region comes at a time when the planting season begins in the Northern Hemisphere, threatening crops throughout the year.
📍 The IMF noted that people in low-income countries are most at risk when food prices rise, as food accounts for about 36% of their spending on average, compared to 20% in emerging economies and 9% in advanced economies.
📍 It explained that "any sharp increase in fertilizer and food prices is not just an economic problem, but also a social and political issue, especially in countries that lack sufficient financial resources to mitigate the shock's effects."
🔴 Follow #qhtani #قحطاني $XLM
$XPL
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