economics 58d ago
IMF Finds Wars Cause 7% Drop in Country Economies Over Five Years
The IMF's latest research shows that countries involved in wars experience an average economic decline of 7% over five years, with damages lingering beyond a decade. This underscores the long-term financial toll conflicts inflict, affecting global economic stability. Policymakers should consider these prolonged costs when negotiating peace and conflict resolution strategies.
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Timeline · 58d ago
58d ago
2 articles · The Straits Times, Al-Monitor
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International Monetary Fund
Washington