Global economic resilience was being tested yet again by the latest war in the Middle East, the head of the IMF, Kristalina Georgieva, warned today.
During a livestream of the “Asia in 2050” conference in Bangkok, Georgieva said that if the conflict is proven to be more prolonged, it will have obvious potential to affect global energy prices, market sentiment, growth, and inflation, and place new demands on the shoulders of policymakers everywhere.
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.
