Gopinath Warns Fiscal Space ‘Depleted’ for Long-Lasting Iran War

Governments around the world don’t have the fiscal capacity needed to respond to any economic downturn caused by an oil shock fueled by prolonged war in Iran, the IMF’s former...

By Jorgelina Do Rosario, Shawn Donnan · Bloomberg Markets

Governments around the world don’t have the fiscal capacity needed to respond to any economic downturn caused by an oil shock fueled by prolonged war in Iran, the IMF’s former top deputy and chief economist warned Tuesday.