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News about G7: events, facts and developments on tafs uz.

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Economy

UN IFAD chief warns of looming global food crisis amid energy shock

Rising energy and fertilizer prices due to the Middle East conflict drove a 13% jump in global food prices in the third quarter, said International Fund for Agricultural Development (IFAD) President Alvaro Lario. He forecasts further food price increases over the next 6–9 months and calls for long-term resilience measures.

Dilnoza Rahimova
3 min read
Economy

Energy shock pushes US, eurozone, Japan and UK central banks toward policy tightening

Rising energy prices amid the Iran conflict are intensifying inflationary pressure in major economies. The Fed, ECB and Bank of Japan raised rates in September, while the Bank of England held them, but three committee members voted for an increase. Economist Hugh Dixon warns of possible stagnation of growth and recessions in several G7 economies by 2027.

Nilufar Karimova
5 min read