Managing Director Kristalina Georgieva said the war had caused the most severe disruption to global energy supply on record, with millions of barrels of oil production shut down due to Iran’s effective closure of the Strait of Hormuz.

“Instead, all roads now lead to higher prices and slower growth,” Georgieva told Reuters, adding that the IMF would cut its growth forecasts and raise inflation projections in its upcoming World Economic Outlook.

The conflict is expected to dominate discussions at next week’s IMF and World Bank spring meetings in Washington, where policymakers will assess the economic fallout from the crisis.

The Fund had previously anticipated a modest upgrade to global growth projections before the escalation.Georgieva said global oil supply had fallen by about 13%, with knock-on effects extending beyond energy markets into supply chains for commodities such as fertilizers and helium.

Brent crude prices have risen to around $110 per barrel, reflecting tightening supply conditions.She warned that even a swift resolution would leave a lasting economic impact, while a prolonged conflict would deepen inflationary pressures and further dampen growth prospects.

The effects are expected to be uneven, with energy-importing countries facing the greatest strain. Many low-income economies lack the fiscal capacity to cushion rising costs, increasing risks of economic instability and social unrest.

Georgieva said some countries had already sought financial assistance from the IMF, which could expand existing lending programs to address urgent needs. She cautioned against broad energy subsidies, arguing they could exacerbate inflation.Energy exporters have also been affected.

Damage to production infrastructure has slowed output recovery in some countries, including Qatar, where restoration of natural gas capacity could take several years.The IMF is coordinating with other global institutions, including the International Energy Agency and the World Bank, to assess the broader implications of the conflict.

Georgieva also highlighted risks to food security, noting that disruptions to fertilizer supplies could trigger wider shortages if the conflict continues.

The World Food Programme has warned that millions could face acute hunger if conditions worsen.

A new segment of digital labour is expanding as individuals license their voices, images, and other personal attributes to technology firms in exchange for small, usage-based payments. Compensation can be minimal, with some platforms offering base rates as low as $0.02 per minute for voice data.

This model reflects a broader shift toward monetising personal data as a resource for developing and refining digital systems, while raising questions about long-term value distribution and worker protections.Bouke Klein Teeselink, an economics professor at King’s College London, characterised this trend as part of a growing “gig AI training” economy, where individuals perform fragmented, task-based work tied to data generation.

He noted that companies are increasingly choosing to compensate contributors directly rather than relying exclusively on publicly scraped material, in part to reduce the risk of copyright disputes. This shift also aligns with the need for more controlled and higher-quality datasets.

Veniamin Veselovsky, a researcher in the field, said that human-generated data remains critical for improving system outputs, particularly in areas where existing datasets fall short. He stated that “human data, for now, is the gold standard” for extending system capabilities beyond established patterns.The growth of these marketplaces is closely linked to global economic disparities.

Workers in developing countries, where unemployment is high and local currencies are often volatile, are among the most active participants. Payments in U.S. dollars can provide relatively greater purchasing power, making even low-paying digital tasks financially attractive compared to local alternatives.

For many individuals, this work represents a pragmatic response to limited employment opportunities rather than a long-term career choice.Participants often include individuals who have struggled to secure stable employment or entry-level positions in traditional sectors. In some cases, the income generated is used to fund education or vocational training.

A data trainer based in Cape Town, identified as Louw, said the earnings, while inconsistent, enabled him to save for a $500 course to train as a masseur. He reported difficulty accessing formal employment due to a long-term nervous disorder and viewed the platform-based work as a necessary interim solution. Louw acknowledged the trade-offs involved but emphasised that earning in U.S. currency provided a meaningful financial advantage in his local context.

In higher-income countries, participation is also increasing, though driven by different pressures. Rising living costs have led some individuals to monetise personal data as a supplementary income source. In such cases, the decision is often framed as a financial adjustment rather than a primary occupation, reflecting broader changes in labour markets and household economics.

Despite the apparent accessibility of this work, the contractual frameworks governing these platforms have drawn scrutiny. Many marketplaces require contributors to grant irrevocable, royalty-free licenses over their data, allowing companies to use, modify, and commercialise the material indefinitely without further payment.

This creates a disconnect between the one-time compensation received by workers and the potentially long-term commercial value derived from their data.For example, a brief voice recording could be incorporated into automated systems that operate for years, generating revenue without additional compensation to the original contributor. Similar concerns apply to image and video data, where likenesses may be repurposed across multiple contexts.

The absence of ongoing royalties or profit-sharing mechanisms has raised questions about fairness and sustainability within the model.Transparency is another significant concern.

Participants often have limited visibility into how their data will be used or where it may appear. This lack of clarity increases the risk of unintended applications, including use in contexts that contributors may find objectionable.

Legal protections are also limited, particularly in cross-border scenarios where jurisdictional challenges can complicate enforcement.Mark Graham, a professor of internet geography at the University of Oxford and author of Feeding the Machine, said that while the income generated can be meaningful in the short term, the broader structure of the work presents systemic risks.

He described the sector as “precarious, non-progressive and effectively a dead end,” noting that it does not typically provide pathways for skill development or career advancement. Graham also pointed to what he termed a “race to the bottom in wages,” driven by global competition among workers and the absence of standardised pay structures.

He added that demand for such data may be temporary, shaped by current technological requirements rather than long-term labour needs. As systems evolve, reliance on human-generated inputs could decline, leaving workers without stable income streams or transferable skills.

In this scenario, the enduring value is captured primarily by platform operators and firms based in higher-income economies, while contributors receive only short-term compensation.Personal accounts from participants highlight both the opportunities and the limitations of this emerging form of work.

Coy, who previously licensed his likeness for use in promotional content related to medical supplements for pregnant and postpartum women, described mixed feelings about the experience. He said the process felt impersonal, with public reactions focusing on his physical appearance rather than his identity.

Coy indicated that his initial decision was influenced by a perception that such data would be collected regardless, making compensation preferable to uncompensated use. However, he later expressed discomfort with the lack of control over how his image was used and interpreted.

He has since chosen not to participate in similar opportunities and stated that he would only reconsider if offered significantly higher compensation and clearer terms.His experience reflects a broader reassessment among some participants, particularly as awareness grows around licensing conditions and downstream uses of personal data.

While the market continues to expand, these concerns suggest that its long-term trajectory may depend on evolving standards around transparency, compensation, and worker protections.