The IMF said it is too early to say the exact impact on the economy at the moment, but acknowledged the
In this file photo taken on January 17, 2020, Managing Director of the International Monetary Fund Kristalina Georgieva speaks in Washington, DC. JIM WATSON / AFPThe International Monetary Fund says it is closely monitoring the impact of the ongoing Israel-Hamas war on the world economy.The Managing Director of the IMF, Kristalina Georgieva, stated this on Thursday during a press briefing at the ongoing IMF and World Bank Group annual meetings in Marrakech, Morocco.
“In terms of economic impact, we are very closely monitoring how the situation evolves, how it is affecting especially oil markets. It is too early to say. We have seen some ups and downs in oil prices.“We have seen some reaction on markets. As I said, we will be closely monitoring this. Very clearly this is a new cloud on not the sunniest horizon for the world economy, a new cloud darkening this horizon that is not needed. Pray for peace,” Georgieva said.
Noting that the loss is not unevenly distributed, the IMF chief said that while the US has already recovered to pre‑pandemic levels, most of the rest of the world has not.
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