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00:02The International Monetary Fund said the Middle East war will lead to higher inflation and
00:06slower global growth as energy supply disruptions intensify, according to Reuters.
00:11Managing Director Kristalina Georgieva said the IMF will cut its growth outlook and raise
00:15its inflation forecast ahead of its April 14th World Economic Outlook.
00:19The IMF expects the war to dominate discussions at next week's spring meetings.
00:23Georgieva said rising geopolitical tensions, technological change, climate shocks, and
00:27demographic shifts are creating elevated uncertainty and require vigilance for future shocks.
00:32Iran's blockage of the Strait of Hormuz has reduced global oil supply by 13% and disrupted
00:37shipments, with Brent crude near $110.
00:40Georgieva said poorer energy-importing countries face the greatest impact.
00:44For all things money, visit Benzinga.com.
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