Global Economic Resilience ‘Tested Yet Again’ By Mideast War — IMF Chief
Naija News • 3h ago
Global economic resilience was being tested yet again by the latest war in the Middle East, the head of the IMF, Kristalina Georgieva, warned Thursday.
“This conflict, if proven to be more prolonged, has obvious potential to affect global energy prices, market sentiment, growth, and inflation, and place new demands on the shoulders of policymakers everywhere,” Georgieva said during a livestream of the “Asia in 2050” conference in Bangkok.
The United States and Israel began launching strikes against Iran on Saturday, killing its supreme leader and sparking a wave of retaliatory attacks across the Gulf.
The conflict in the resource-rich region has sent global oil prices soaring, and markets have been thrown into turmoil.
“We are in a world of more frequent, more unexpected shocks, and we...