April 8, 2026 10:56 PM
Wars impose deep and prolonged economic costs on countries, IMF research finds
Wars cause large and persistent economic losses in countries where fighting takes place, with output declining by roughly 7% over five years on average, and economic scars lasting for more than a decade, the International Monetary Fund said in research released on Wednesday. The IMF examined the cost of active conflicts - now at the highest levels since the end of World War Two - and the macroeconomic consequences of sharp increases in military spending in two chapters of its forthcoming World ...


