Mideast-related oil price spike threatens ‘relatively good’ economic outlook: IMF chief economist [Video]

The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF’s “relatively good” outlook for the world economy, its chief economist told AFP.

“We are projecting a global economy that is quite resilient for 2024,” Pierre-Olivier Gourinchas said in an interview ahead of the publication of the International Monetary Fund’s World Economic Outlook (WEO) report on Tuesday.

The IMF now expects the world economy to grow by 3.2 percent this year and next, and inflation to continue to ease from its post-pandemic high, hitting 5.9 percent this year, and 4.5 percent …