22 April 2026

Iran, the Global Economy, and the Case Against Complacency

Michael Froman

Every spring, central bank governors and finance ministers from around the world gather in Washington for the Spring Meetings of the International Monetary Fund (IMF) and the World Bank to discuss the state of the global economy, macroeconomic coordination, and financial sector management. The topic dominating discussions this year is the war in Iran—and the ensuing economic fallout.

I sat down with IMF Managing Director Kristalina Georgieva last week for a curtain raiser conversation ahead of the Spring Meetings. We discussed the Fund’s macroeconomic outlook, including its latest analysis on how the war is affecting global growth, inflation, and economic stability. I left with a number of takeaways.

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