IMF Presents a Bleak Growth Outlook and Warns of Crisis Repercussions

In a detailed report addressing the repercussions of the Middle East conflict, the IMF announced a worrying reduction in global economic growth forecasts. Experts at the Fund indicated, according to Bloomberg's coverage, that existing threats in the Strait of Hormuz have created a state of panic leading to record high oil prices, and a parallel jump in gold prices. As a defensive response, an unprecedented acceleration was observed in major countries' policies supporting the EV sector to break free from traditional energy constraints.