The impact of the Iran war on the global economy has increased as countries announce emergency measures to combat rising energy costs. The International Monetary Fund (IMF) and World Bank have indicated they will downgrade their forecasts for global growth and raise inflation predictions due to the conflict. Nigeria's Finance Minister, Wale Edun, stated that the country needs international support to combat fuel costs. Germany's coalition government has agreed to provide fuel price relief for consumers and businesses worth 1.6 billion euros ($1.9 billion) via cuts to levies on diesel and petrol. Sweden's government also announced it would cut fuel taxes and increase electricity subsidies. The conflict is also disrupting central bank policy around the world, potentially leading to unwelcome bouts of "stagflation".