US strikes on Iran could potentially have broader consequences beyond the energy sector, as global uncertainty rises, stated Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF).
The most significant reaction so far has been seen in energy prices, which the IMF is closely monitoring, but “there may be secondary and tertiary consequences,” Georgieva noted.
In April, the IMF already downgraded its forecast for global economic growth this year to 2.8%, down from the previously expected 3.3%. According to the Fund’s report, this decision was driven by a surge in global economic uncertainty caused by tariff wars triggered by the policies of the new US administration, against the backdrop of already weak dynamics in the fourth quarter of 2024.
