Global economy faces rising inflation and slower growth – IMF’s director

The global economy is facing rising inflation and slower growth due to the Iran war, according to IMF Managing Director Kristalina Georgieva. She highlighted the conflict as a "negative supply shock" affecting prices worldwide, with the IMF revising its growth projections downward. The impact varies globally, with oil-exporting nations better positioned than oil-importing countries, particularly in Asia. The IMF estimates affected nations will need $20B to $50B in additional financing, while the ability to respond is limited by high debt levels. Policymakers face challenges in mitigating the economic impact.