MARRAKECH, Morocco (Reuters) – Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), expressed deep concern on Thursday about the Israel-Hamas conflict and its potential to further dampen the already fragile global economic outlook.
“We are closely monitoring the evolving situation, especially its impact on oil markets,” stated Georgieva. She noted that there have been fluctuations in oil prices and market reactions, but it remains too early to precisely predict the economic consequences.
“This conflict undeniably introduces a new element of uncertainty to an already precarious global economic landscape. It is an additional burden that is not in any way welcome,” she emphasized during a press conference held at the annual meetings of the IMF and World Bank.
