The International Monetary Fund (IMF) now admits a scenario close to a global economic recession if the conflict in the Gulf intensifies and leads to damage to energy infrastructure in the region. In this case, considered severe, the institution led by Kristalina Georgieva estimates that global inflation could even slightly exceed 6% by 2027. In the update...
IMF admits global economic recession is looming if war escalates
Tuesday, 14 April 2026RSS
Context & Explainers
Inflation measures how much general prices rise over time, usually reported year‑on‑year to compare a month with the same month a year earlier. Portugal’s National Institute of Statistics (INE) estimated January inflation at 1.9% year‑on‑year, down 0.3 percentage points from December, which affects rents, wages and everyday purchasing power for residents.
