IMF Warns of Broad Global Impact Due to Conflict in the Middle East
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
IMF Warns of Broad Global Impact Due to Conflict in the Middle East
IMF Warns of Broad Global Impact, Due to Conflict in the Middle East.
According to 'The Guardian,' the International Monetary
Fund recently highlighted the risks of escalating
conflict in the Middle East with two new reports.
.
The reports, titled World Economic Outlook (WEO) and the Global Financial Stability Review (GFSR), comes amid heightened fears of a war between Iran and Israel.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
'The Guardian' reports that previous Middle East conflicts have resulted in significantly higher oil prices.
.
Pierre-Olivier Gourinchas, the IMF’s economic
counsellor, said the organization was evaluating the
potential for another commodity shock from the conflict.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
It would do so in a context in which,
in some countries, activity and growth
is already fairly weak, so that might
also have a strong effect there, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
Gourinchas also warned that such
an increase would also bring down
business confidence and global investment.
The chancellor has defended her Autumn Budget, calling it a "robust fiscal framework" that delivers "stability", despite an adverse market reaction that included a jump in the cost of government borrowing. Rachel Reeves adds that the International Monetary Fund has given her Budget "a clean bill of health". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Foreign secretary David Lammy calls for ceasefires in Lebanon and Gaza and urges Israel and Iran to avoid the risk of a regional war in the Middle East. He said: “At this time, none of us want to see a regional escalation. None of us want a return to the years in which Israel found itself bogged down in a quagmire in southern Lebanon and pitched battles between Israeli soldiers and of course the Lebanese side.” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
In a shocking escalation of violence, multiple rockets have targeted US military bases in Iraq, with some landing dangerously close to Baghdad International Airport. This incident highlights the rising tensions in the region and raises concerns about potential retaliation against US interests. Join us as we delve into the details of this attack, the implications for US troops, and the broader context of the ongoing conflict involving Iranian-backed groups. What does this mean for the stability of the Middle East? Watch now to find out!
#Iraq #USMilitary #Baghdad #RocketAttack #MiddleEastTensions #Iran #USForces #Conflict #MilitaryNews #InternationalRelations #SecurityCrisis #KatyushaRockets
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Indian Prime Minister Narendra Modi called Israeli Prime Minister Benjamin Netanyahu, emphasizing that "terrorism has no place in our world" amid escalating tensions in the Middle East. Modi stressed preventing further regional escalation and ensuring the safe release of hostages. Israel continues airstrikes on Lebanon, targeting Hezbollah, with seven top officials killed. Modi reiterated India's support for restoring peace and stability, sharing his stance via Twitter.
#HezbollahAttack #Modi #Netanyahu #HassanNasrallah #IDFHezbollahWar #Lebanonwar #Worldnews #Oneindia #Oneindianews
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In a significant diplomatic move, Russian Prime Minister Mikhail Mishustin is set to meet with Iran's President Masoud Pezeshkian amid rising tensions in the Middle East. This meeting comes in the wake of Russia's condemnation of Israel's assassination of Hezbollah leader Hassan Nasrallah. Explore the implications of this alliance as both nations discuss military, economic, and cultural cooperation against perceived threats from Israel and Western powers.
#RussiaIranAlliance #Mishustin #Nasrallah #MiddleEastPolitics #Israel #DiplomaticMeeting #Geopolitics #Iran #Russia #PoliticalMurder #Hezbollah
In a stunning turn of events, the assassination of Hezbollah leader Hassan Nasrallah has sent shockwaves through the Middle East. This dramatic incident not only marks a significant escalation in the ongoing conflict but also raises questions about the internal dynamics within Hezbollah and its ties to Iran.
Reports suggest that a mole within Iranian intelligence may have played a crucial role in revealing Nasrallah's location to Israeli forces, leading to a precise airstrike in Beirut. This betrayal highlights deep-seated tensions within Hezbollah and the complex web of alliances that define the region.
#NasrallahAssassinated #IranianMole #HezbollahBetrayal #IsraeliIntelligence #MiddleEastTensions #LebanonCrisis #HezbollahLeadership #IranIsraelConflict #NasrallahDeath #RegionalInstability #CovertOperations #IntelligenceFailure #BetrayalInLebanon #WarInTheMiddleEast #CounterTerrorism
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In a dramatic escalation of hostilities, Hezbollah launched a barrage of rockets and drones targeting Israeli military positions and settlements, marking a significant challenge to Israel's Iron Dome defence system. The operation unfolded over the course of a day, beginning with coordinated attacks on various locations, including the al-Maslakh neighbourhood and key settlements like Karmiel and Kiryat Shmona. With precision and strategic planning, Hezbollah employed both traditional rocket barrages and one-way drones to strike multiple targets, showcasing their military capabilities and adaptability. The strikes resulted in injuries to Israeli soldiers and civilians, heightening tensions in the region and raising concerns about the efficacy of Israel's defensive measures.
#Hezbollah #IronDome #Israel #RocketAttacks #DroneStrikes #MiddleEastConflict #Defense #MilitaryOperations #TensionsRise #RegionalStability #HezbollahOperations #IsraeliDefenseForces #WarUpdates #Lebanon #ConflictNews
In a shocking revelation, Kamal Kharrazi, a senior adviser to Iran's Supreme Leader Ayatollah Ali Khamenei, has raised alarm bells with his recent statements hinting at a possible shift in Iran's nuclear policy. Speaking to the Hezbollah-affiliated channel Al-Mayadeen, Kharrazi suggested that if Iran perceives an "existential threat," it might reconsider its longstanding ban on nuclear weapons development. This announcement comes amid escalating tensions with Israel and follows a history of warnings from Iranian officials regarding military responses to Israeli actions. Kharrazi underscored Iran's technical capabilities to produce nuclear weapons, emphasising that only a fatwa from Khamenei currently restrains such developments. The statement adds fuel to fears of a nuclear arms race in the region, as Khamenei has consistently maintained that building nuclear bombs is both wrong and religiously forbidden
#IranNuclearThreat #Khamenei #NuclearWeapons #MiddleEastConflict #Israel #IranianPolitics #MilitaryEscalation #Geopolitics #NuclearDeterrence #IranIsraelTensions #GlobalSecurity #NuclearArmsRace #Terrorism #PoliticalCrisis #WatchNow
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In a dramatic escalation of hostilities, Hezbollah launched a deadly missile barrage targeting the Tira Valley, resulting in 19 Israeli injuries. The strikes struck the predominantly Arab town of Tira, located approximately 25 kilometres northeast of Tel Aviv, igniting chaos as emergency services responded to the scene. Israeli officials confirmed that four of the injured individuals were in moderate condition, highlighting the severity of the assault. The missile attack, which included multiple rocket strikes, comes amidst escalating tensions along the Israel-Lebanon border, with Hezbollah claiming responsibility for the operation as part of their ongoing conflict with Israel. The assault underscores the fragile security situation in the region, prompting fears of further escalation between the two sides.
#Hezbollah #IsraelUnderFire #MissileStrike #TiraValley #TelAvivAttack #MiddleEastTensions #CivilianCasualties #GazaConflict #IDF #IranInfluence #RegionalInstability #WarInTheMiddleEast #SecurityCrisis #LebanonConflict #ConflictNews #Escalation
In a major security breach, sensitive information reportedly leaked from Prime Minister Benjamin Netanyahu's office has sparked concerns of a strategic advantage for Iran-backed groups like Hezbollah and Hamas. The leaked documents, allegedly containing Israel’s war strategies and tactical insights on negotiations with Hamas, are now circulating in international media. This exposure has ignited a political firestorm within Israel, with opposition leaders blaming Netanyahu for the security lapse. As Israel faces heightened regional tensions, Iran and its allies stand poised to exploit this intelligence windfall, potentially reshaping the dynamics of ongoing hostilities.
#IsraelLeak #NetanyahuScandal #WarSecretsExposed #IranCelebrates #HezbollahWin #HamasIntel #SecurityBreach #IsraelUnderFire #ConfidentialLeak #NetanyahuCrisis #MiddleEastTensions #IntelligenceWindfall #IranBacked #IsraeliWarPlans #NetanyahuBlamed
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In a shocking escalation of violence, Israel's recent airstrikes on residential buildings in northern Gaza have resulted in the deaths of 84 Palestinians, with over 50 of the victims being children. This tragic incident has been described by Gaza's Government Media Office as a "brutal massacre," highlighting the devastating impact on civilian families already suffering from the ongoing siege and humanitarian crisis. As the international community grapples with this alarming situation, we delve into the details of these attacks, the conditions faced by the people of Gaza, and the urgent calls for action to protect civilians amidst this ongoing conflict.
#Gaza #IsraelPalestineConflict #HumanRights #ChildrenUnderFire #CivilianCasualties #MiddleEastCrisis #PeaceForGaza
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Credit: Wibbitz Top Stories Duration: 01:30Published
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