IMF Advises Countries to Maintain Fiscal Space for Times of Shock

The Managing Director of the International Monetary Fund, Kristalina Georgieva, called on policymakers on Monday to "think the unthinkable" and prepare for it in light of the new global climate.اضافة اعلان

She stated that every 10% increase in oil prices would result in a 40-basis-point rise in global inflation. She further advised countries to maintain "fiscal space" that can be utilized during times of economic shock.

Israel and the United States have been conducting airstrikes on Iran since Saturday, February 28, which resulted in the death of the Iranian Supreme Leader. Since then, Tehran has retaliated by striking Israel and other countries in the region with missiles and drones. — (Reuters)