Kathmandu. Recently, the International Monetary Fund has warned that the growth rate of the world economy will slow.

The main reason for this is the war in the Middle East, which is having a serious economic impact around the world. Its chief said that after the war, the situation is unlikely to return as smoothly as before. Sharp rise in energy prices, damage to roads and industries, disruptions in supply chains, and erosion in market confidence have had a major impact on global economic growth.

This organization has said that there is an urgent need for large financial assistance to help the countries affected by the war. It is estimated that between $20 billion and $50 billion in aid may be needed. At the same time, the food crisis is expected to increase, due to which at least 45 lakh people are likely to be affected. In particular, the poor and energy-importing countries will be the hardest hit by the crisis.

At the same time, the President of the World Bank also said that up to $ 25 billion can be provided in the short term to help developing countries. In the long term, there is a plan to provide up to $60 billion. This war has increased the price of oil. This is because the supply to the global market has decreased due to the blockage of important waterways.

This is also expected to increase global inflation. As the price of oil, gas and fertiliser increases, food production will become more expensive, which will also increase food prices. This will increase the risk of starvation in poor countries. According to this organization, the production of warring countries initially falls by about 3 percent, and the effects are long-lasting.