① International Monetary Fund (IMF) Managing Director Georgieva said that the escalation of the conflict between Palestine and Israel may overshadow the already bleak global economic outlook; ② A new round of conflict between Palestine and Israel has now caused more than 2,600 deaths and over 9,500 injuries on both sides.
Finance Association, Oct. 12 (Editor: Xia Junxiong)On Thursday (10/12) local time, International Monetary Fund (IMF) Managing Director Georgieva said that the escalation of the conflict between Palestine and Israel may cast a shadow over the already bleak global economic outlook.
Georgieva attended the International Monetary Fund and World Bank fall 2023 annual meeting held in Marrakech, Morocco on Thursday. “We are closely monitoring the development of the situation, particularly its impact on the oil market.”
Georgieva added that there have been some fluctuations in international oil prices and market reactions, but it is still too early to predict the economic impact. She said at the press conference that it is obvious that this is a “new cloud” that has overshadowed the economic outlook.
The Palestinian health department in the Gaza Strip released news on the afternoon of the 12th local time, saying that as of 13:00 on the same day, the number of deaths caused by the new round of clashes between Palestine and Israel in the Gaza Strip had risen to 1,354, and the number of injured had risen to 6049.
According to information previously released by Israeli media and the Palestinian Ministry of Health, Israel has already killed at least 1,300 people and injured 3,297 people; 29 people have died and about 180 have been injured in the West Bank of Palestine. A new round of clashes between Palestine and Israel has now resulted in more than 2,600 deaths and over 9,500 injuries on both sides.
Georgieva pointed out that the current characteristics of the global economy are weak growth, economic fragmentation, and deepening divisions. Severe shocks are becoming the new normal. It is expected that interest rates will remain high for a longer period of time to curb continued high inflation.
Georgieva called on all countries to avoid escalating the situation and focus on areas of cooperation. “We really need to be more flexible in predicting shocks and responding quickly,” she said.
French Finance Minister Lemaire warned that any expansion of conflict in the region would have serious economic consequences for energy prices and global economic growth.
Editor/Somer