The International Monetary Fund (IMF) warns that the economic impact of wars is more severe and long-lasting than that caused by financial crises or natural disasters. According to two studies from the upcoming World Economic Outlook, GDP drops by approximately 3% at the start of a conflict, with cumulative wealth losses reaching nearly 7% over the following five years. The IMF highlights that these effects leave economic scars that persist for a decade, noting that the rise in global conflicts and increased military spending are creating significant fiscal pressures and long-term debt challenges for nations.