International Monetary Fund managing director Kristalina Georgieva said on Thursday the 'heartbreaking' Israel-Hamas conflict threatened to darken an already murky global economic outlook.
Managing Director of the International Monetary Fund , Kristalina Georgieva, addresses the media on the fourth day of the annual meeting of the IMF and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 12, 2023.
"Very clearly, this is a new cloud on not the safest horizon for the world economy, a new cloud darkening this horizon," she told a news conference at the annual meetings of the IMF and World Bank in Marrakech, Morocco.on Jewish civilians since the Holocaust, when hundreds of gunmen poured across the barrier fence and rampaged through Israeli towns on Saturday.
Georgieva said severe shocks were becoming "the new normal" in a global economy characterized by weak growth, economic fragmentation and deepening divergences, with interest rates expected to stay higher for longer to tame persistent inflation.
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