Economy

IMF Warns of Global Recession as Iran War Drives Inflation

The IMF has sounded a serious alarm about a potential global recession, with the ongoing Iran war pushing fuel prices higher and threatening to keep inflation elevated through to 2027. Australia's treasurer Jim Chalmers described the moment as "a really dangerous time for the global economy," and Chiang Mai's tourism industry is already feeling the pinch from war-related price spikes.

MarketUS recession by end of 2026?

US recession by end of 2026?30% chance

Sources

News live: ‘really dangerous time’ for global economy as Australians pay price for Middle East conflict, Chalmers says

The Guardian · Apr 14