"The International Monetary Fund has warned the conflict is pushing up the cost of energy and food, increasing borrowing costs and weighing on economic growth."
"Surveys suggest millions of households are already making changes to cope - cutting back, dipping into savings or taking on debt."
"You might also have taken practical steps such as switching energy providers, cancelling subscriptions or working extra hours."
The conflict in the Middle East is causing rising prices and economic uncertainty, impacting household budgets worldwide. The International Monetary Fund has indicated that this situation is driving up energy and food costs, increasing borrowing expenses, and hindering economic growth. Many households are adjusting their finances by cutting back on spending, using savings, or incurring debt. Surveys reveal that individuals are making various changes, such as switching energy providers and cancelling subscriptions, to cope with the financial strain.
Read at www.theguardian.com
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