Iran war wreaks havoc on global economy and could spark recession, says IMF

Iran war wreaks havoc on global economy and could spark recession, says IMF The war on Iran has “abruptly darkened” the global economic outlook, and if it continues could trigger a worldwide recession, the International Monetary Fund (IMF) has warned. In its latest World Economic Outlook, a half-yearly update, the IMF downgraded most of its growth forecasts made three months earlier. It said that if the war is shortlived, global growth would be 3.