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IMF Latest: Yellen Says US Is Not Ruling Out New Iran Sanctions - Vimarsana News

IMF Latest: Yellen Says US Is Not Ruling Out New Iran Sanctions

(Bloomberg) -- The International Monetary Fund’s No. 2 official says that the war between Israel and Hamas could spur inflation and hamper global growth if it turns into a wider conflict that causes a significant increase in oil prices.Most Read from BloombergIsrael Latest: Israeli Death Toll in Hamas Attack Reaches 1,200Hamas Got Around Israel’s Surveillance Prowess by Going DarkIsrael Latest: Top US General Warns Iran to Stay Out of ConflictIsrael Latest: Hezbollah, Israel Trade Fire on Lebano

Source: yahoo.com
IMF's Deputy Managing Director sees inflation, growth risks if Israel war widens - Vimarsana News

IMF's Deputy Managing Director sees inflation, growth risks if Israel war widens

Modeling by IMF shows that 10% increase in oil prices leads to inflation being 0.4 percentage points higher a year later.