According to the IMF, the economic fallout from the conflict is ‘deeper than financial crises or natural disasters.’ The forecast suggests a 7% average GDP decline in affected countries over a five-year period. The impact of the war in Iran is pushing the International Monetary Fund (IMF) to revise its forecasts. The worsening outlook comes at a time of structural weakness. After the impact of the pandemic and the war in Ukraine, the global economy faces this new episode with a smaller fiscal and monetary margin and with greater tensions in international cooperation.