The global economy continues to feel the heat one week after the US and Israel launched strikes on Tehran. The aviation and energy sectors are bearing the brunt, while there are expectations of higher inflation amid supply chain disruption if the war drags on, analysts say.
The International Monetary Fund has raised concerns this week that the global economy could be affected amid the escalating Middle East conflict and soaring oil prices.
IMF managing director Kristalina Georgieva on Thursday said the world is in a “potentially prolonged period of flux”. If the conflict is prolonged, it has “obvious potential to affect global energy prices, market sentiment, growth and inflation”.
Previous slide Next slide Smoke rises after an air strike in central Tehran. A joint Israeli and US military operation continues to target multiple locations across Iran. EPA Info
Projectiles fly through the sky. Reuters Info
Smoke rises during air strikes in Tehran. AFP Info
Iranians attend Friday prayers at Mosallah mosque in Tehran. EPA Info
Iranians hold images of Ayatollah Ali Khamenei as they take part in a demonstration against the US and Israel in Tehran. Getty Images Info
Smoke rises from the site of air strikes in Tehran. AFP Info
A view of the damaged Gandi Hospital in Tehran. AFP Info
An Iranian man attends his damaged office in Tehran. AFP Info
A residential complex in Tehran damaged by intense bombardment. AFP Info
A damaged building at Tehran's Azadi Sport Complex.
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