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Energy crisis could derail global economy, IEA says A world energy crunch is expected to boost oil demand and further stoke inflation, likely slamming the brakes on the global economic recovery, according to a warning from the International Energy Agency. #energycrisis#oilprice#economicrecovery#News#Reuters Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: http://reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en ➖@reutersworldchannel➖

Syria Moves to Legalize Bitcoin The Syrian transitional government proposes legalizing Bitcoin to combat inflation and attract investments. Plans include facilitating Bitcoin mining and integrating encrypted payment functions in banks. More details: Wu Blockchain News. In related news, a significant sell-off of the Usual protocol's USD0 was triggered by a whale, briefly causing it to dip to $0.99 before re-pegging to $1. Read more: Wu Blockchain News #Bitcoin#Syria#Crypto#Investment#EconomicRecovery#Mining#Regulation#Finance#USD0#WhaleTrade#Inflation#PaymentIntegration#Blockchain#Tech#Markets#Trends #2024

🚀 Austrian Economic Institutes Lower Growth Forecasts Amid Iran Conflict Impact On April 10, two major Austrian economic research institutes announced that the ongoing conflict in Iran is threatening Austria's economic recovery in 2026. According to Jin10, the Institute for Advanced Studies (IHS) has revised its growth forecast for Austria's economy in 2026 down to 0.5% and in 2027 to 0.8%, from previous estimates of 1.0% and 1.1%, respectively. The revision is attributed to soaring energy prices and increased uncertainty. Similarly, the Austrian Institute of Economic Research (WIFO) has adjusted its GDP forecast, projecting growth between 0.2% and 1.1% for 2026, and between 0.4% and 1.5% for 2027, down from earlier predictions of 1.2% and 1.4%. WIFO noted that the current uncertain international environment complicates forecasting efforts. WIFO also anticipates Austria's inflation rate to range between 2.5% and 4.1% in 2026, and between 2.2% and 3.5% in 2027. Meanwhile, IHS forecasts this year's inflation rate at 2.9%, with a decrease to 2.4% in 2027. #Austria#economicforecast#Iranconflict#energyprices#GDPgrowth#inflation#IHS#WIFO#economicrecovery#2026growth#2027forecast#internationaluncertainty