Uploaded April 2026 | Updated September 2026, 3 weeks ago

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The war in Iran and the subsequent oil price shock have “abruptly darkened” the prognosis for global growth. That’s from a new report by the International Monetary Fund, which warns that the world could fall into a recession if the energy crisis continues. Is this the shock that finally tips a fracturing system? And how should countries prepare?

Gita Gopinath, a Harvard economist who was formerly second in command at the IMF, joined FP Live to game out the repercussions for the global economy.

Watch the full interview here: foreignpolicy.com/live/gita-gopinath-iran-war-economic-growth

0:00 Intro
2:22 A global growth slowdown
6:15 Worldwide impacts

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