Global economy
IMF, World Bank meetings show limits in mitigating shocks, reliance on US for solutions
They warn countries not to hoard oil and not to go overboard with expensive and untargeted fuel price subsidies
Iran war revives stagflation dangers for global economy
For all the gloom, multiple policymakers remain cautious about how to respond
G7 finance chiefs say it is urgent to limit Middle East war’s cost to global economy
[WASHINGTON] Finance chiefs of the Group of Seven nations on Thursday said it was urgent to limit the cost to the global economy of an enduring Middle East war and “reaffirmed the pressing need to mov...
Former US Treasury Secretary Yellen says Iran war to bring more inflationary pressure
Policymakers had signalled an expectation for one interest-rate cut in 2026, unchanged from their December forecasts
Commodity price shock is inevitable but Singapore’s response is prudent
Informing the public about Singapore’s outlook while assuring them about our ability to deal with likely contingencies strikes a balance between caution and resolve
IMF chief says global prices will take time to recede after war
The US will begin a full naval blockade of the strategic Strait of Hormuz
Middle East war to cut growth, deliver cascading impact, World Bank chief says
The crisis has sent the price of oil up by 50%
IMF warns of stagflationary shock ahead
It estimates that even if the US-Iran ceasefire holds, countries may need around US$20 billion in bailout support
Middle East war means ‘all roads’ lead to higher prices, slower growth: IMF chief
The war has shrunk global oil supply by 13 per cent
Factory input costs soar worldwide as Iran war snarls up supply chains: surveys
The findings highlight the challenge facing Asia, as the region accounts for about 80% of the oil transiting the Strait of Hormuz
