The end of the war in two weeks could quickly revive the global economy

The Director of the International Monetary Fund, Kristalina Georgieva, said that the global economy may witness a rapid recovery if the war between the United States and Iran ends within two weeks, noting that the speed of recovery depends primarily on the stability of the geopolitical situation and the return of energy flows to normal.

Georgieva added that the continuation of the unrest during the summer will put the global economy in an “unfavorable position,” with about 20% of oil and gas supplies still missing from the markets, which increases pressure on prices and supply chains, according to Reuters.

She stressed the need for financial aid directed to mitigate the effects of rising energy prices to be “limited and temporary,” warning against an ill-considered expansion of government spending.