IMF Chief Warns of Dire Consequences if Conflicts Persist
The IMF managing director has cautioned that prolonged global conflicts could lead to far worse economic outcomes than currently anticipated, urging immediate diplomatic resolutions.
The IMF managing director has cautioned that prolonged global conflicts could lead to far worse economic outcomes than currently anticipated, urging immediate diplomatic resolutions.
Capital Haus expands globally after acquiring SA stockbroker Baker Young, boosting services and market reach.
Despite the Iran war causing the biggest oil-supply shock in history, prices remain disconnected from reality, with futures predicting a rapid reversal that experts say is highly uncertain.
Japan has been voted the world's most sought-after trekking destination in a new survey by World Expeditions, beating Nepal and Patagonia.
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The IMF forecasts global growth could drop to 2% under worst-case scenarios from the Iran War, with Treasurer Jim Chalmers urging international action to secure fuel supplies and end the conflict.
The global economy faces heightened uncertainty as Donald Trump's blockade of the Strait of Hormuz chokes a vital oil route, with the US Navy halting ships and traffic dramatically reduced, risking supply chains and stability.
The global economy is counting the costs as a major shipping strait closes again due to ongoing conflict, disrupting trade routes and raising supply chain concerns worldwide.
Global markets react sharply as oil prices drop and stock indices rise after a dual ceasefire agreement, impacting energy and financial sectors.
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RecommendedThe chief economist at BDO has released a detailed outlook for the global economy in 2026, highlighting trends, risks, and opportunities for businesses worldwide.