The closure of the Strait of Hormuz is like a ticking time bomb for the global economy, disrupting the flow of energy and rippling through industries from agriculture to semiconductors. How bad could it get? The International Monetary Fund has cut its forecast for global growth this year from 3.4 percent to 3.1 percent in the best-case scenario and 2 percent in the worst case. What countries will be the most affected, and what can they do to protect themselves? Gita Gopinath, an economics professor at Harvard University who was formerly the first deputy managing director of the IMF, joins FP Live to discuss.IMF’s World Economic Outlook: Global Economy in the Shadow of WarRavi Agrawal: The World Is Paying the Price for America’s WarKeith Johnson: Why Iran Isn’t Blinking YetJason Bordoff and Spencer Dale: Making the U.S. More Resilient to Oil Price ShocksEsfandyar Batmanghelidj: The Iran War Is Jeopardizing the Entire Global EconomyLearn more about your ad choices. Visit megaphone.fm/adchoices