Energy disruption, inflation surge, and financial strain deepen as global growth outlook is slashed
The International Monetary Fund (IMF) warned on 14 April in its latest World Economic Outlook (WEO) that the US-Israeli war on Iran has sharply disrupted global growth, damaged energy flows, and raised the risk of a broader economic downturn.
The IMF said the war has “abruptly darkened” the global outlook, cutting its growth forecast to 3.1 percent from 3.4 percent prior to the late February assault on Iran.
Chief economist Pierre-Olivier Gourinchas warned that prolonged disruption, especially around the Strait of Hormuz, could trigger “an energy crisis on an unprecedented scale.”
The Strait, a key artery for global oil and gas, has become the central theater of the war, with fighting directly disrupting one of the world’s most critical energy corridors.
The IMF said damage to infrastructure and disruption to traffic through the waterway have already hit supply chains and driven energy prices sharply higher, with oil rising above $100 per barrel and natural gas prices also climbing, pushing global inflation projections up to 4.4 percent.
🔗SOURCE ➡️ The Cradle
Related: 4/13 — Lindsey Graham Admits Opening The Strait Of Hormuz Is About Protecting The Petrodollar
4/13 — Chinese Defense Minister Admiral Dong Jun: "We have trade and energy agreements with Iran; we expect others not to interfere in our affairs. The Strait of Hormuz is open to us."
4/6 — ❗️Oil surges past $114 as Strait of Hormuz closure sparks global growth and price concerns
4/4 — Top EU Energy Official Warns Of 'Long-Term' Crisis Amid Hormuz Disruption
3/12 — Trump Says ‘We Make A Lot Of Money’ When Oil Prices Go Up As His Iran War Makes Americans Pay More At The Pump [🤡👹]
3/11 — Nations Worldwide Move To Conserve Fuel As Strait Of Hormuz Closure Threatens Global Economy
3/3 — Iranian State Media Shared That The Attack On An Oil Refinery In Saudi Arabia Was Carried Out By Israel, Not Iran.
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8/25/23 — BRICS Doubles Share of Global Oil Production In Welcoming Six New Members at BRICS Summit in S. Africa [X] — TheMcgwire / @PsyopDaily Original
In a HISTORIC move, BRICS has added 6 countries to the group — Egypt, Ethiopia, Argentina, UAE, Iran, and Saudi Arabia
July 23' — The End of The PetroDollar, The Rise of BRICS is Here [X] — Full Article — TheMcgwire / @PsyopDaily Original
Soon after Russia’s Invasion of Ukraine, I published a 3 part article series [1,2,3] in March 2022 that predicted the Western response to the crisis would facilitate the rise of BRICS and catalyze de-dollarization- - particularly because of the use and threats of sanctions on the UAE, Saudi Arabia, and India...
BRICS VS Western Axis, Two Sides of the Same Globalist Coin Excerpt from 🤪
I predicted👇 the rise of BRICS in March 2022 one month into the War on Ukraine, with the concluding thesis essentially being that is the US continues to abuse its control, the world is going to create a new financial system
3/19/22: US Hegemony Threatened As Saudis, UAE, India Ignore Threats of Sanctions, Turn to Russia/China [X] —@PsyopDaily / TheMcgwire original [A year and a Half Before Saudi Arabia and UAE Joined BRICS]
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