IMF Warns Of Potential Global Recession Amid High Oil Prices
The International Monetary Fund (IMF) has cut its economic outlook for the world economy and warned it could sink into a recession if the Iran war is not soon resolved. In its April 2026 World Economic Outlook, the Bretton Woods institution has predicted that global GDP will expand by 3.1% in the current year, down from its earlier projection of 3.4%, if the conflict is short-lived and oil prices soon normalize to around $82 per barrel. However, the IMF says the economy might expand by 2.5% if the tensions linger for long and oil prices average…