Their attacks have prompted major shipping companies to instruct their vessels to avoid the maritime route through the Suez Canal, opting instead to circumnavigate Africa which has resulted in significantly more time-consuming and costly maritime transportation

In the report, the IMF is also raising some concerns about the Greek banking system, urging Greek authorities to take measures

The IMF predicts a real GDP growth of 2.3% in 2023 (revised from the previous 2.5%) and 2.1% in 2024 (revised from 2%). Regarding inflation, the estimate suggests a decrease from 4.2% in 2023 to 2.8% in the current year

IMF Projects Global Inflation to Stand at 6.9 Percent in 2023