The head of the IMF, Kristalina Georgieva, said that US strikes on Iran could have consequences beyond the energy market and increase global instability. She called these events a new source of uncertainty in the current difficult situation. The first effects have already appeared on the energy market: Brent crude futures jumped 5.7% to $81.40 per barrel, although prices subsequently adjusted. Potential «secondary and tertiary effects» may slow down the economic growth of the leading countries and negatively affect global forecasts. The IMF previously revised down its forecasts for global economic growth, and the risks of further deterioration remain. Increased volatility and uncertainty constrain investment and consumption, which slows down economic development. Attention is also focused on the energy market, where the risks of disruptions in oil and gas supplies persist. Georgieva also noted that the disinflation process continues in the United States, but the Fed probably will not lower the rate until the end of the year. A decision on PREP may be made closer to this date.
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