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Wars impose deep and prolonged economic costs on countries, IMF research finds

WASHINGTON, April 8 - 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…

1 report1 sourceApr 8, 2026, 1:05 PM
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The Straits TimesApr 8, 2026, 1:05 PM

Wars impose deep and prolonged economic costs on countries, IMF research finds

WASHINGTON, April 8 - 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.

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