The International Monetary Fund (IMF) warned that a further escalation in the war on Iran and continued disruption to oil markets could push the global economy to the brink of recession, with growth potentially slowing to 2% under its worst-case scenario.
That scenario, it said, would bring the world economy close to recession. Under that view, oil would average $82 a barrel for the year. Even in that avorable scenario, however, the IMF said the conflict would still weigh on growth.
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