Growing geopolitical tensions in the Middle East are starting to affect international trade, drive up energy costs, and cause financial market volatility – IMF

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Rising geopolitical tensions in the Middle East are beginning to disrupt global trade flows, push up energy prices and trigger volatility in financial markets, the International Monetary Fund (IMF) has warned.

In a press statement, the Washington-based institution said it is closely monitoring developments in the region as the evolving situation introduces additional uncertainty into an already fragile global economic environment.

According to the IMF, early signals from global markets point to disruptions in economic activity and trade routes, alongside rising oil and gas prices which could place further pressure on inflation and economic growth across several economies.

Source: newsthemegh.com