Today, we answer a question from Thomas from Las Vegas, Nevada, who writes, Of course, the economy is on everyone’s mind. The conflict in Iran is helping raise the price of almost everything. I’ve been following the IMF, and my questions stem from concerns they have raised; I’d like the panel's take on them. With Brent crude climbing above $100 per barrel, how vulnerable is the global economy to a prolonged conflict in the Middle East? The IMF now projects global growth at just 3.1%, are we heading toward a recession if the conflict widens?
How should policymakers balance rising defense spending with the risk of inflation and weakened fiscal stability?
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