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IMF’s Georgieva warns Middle East conflict could push global inflation higher
TOKYO: International Monetary Fund Managing Director Kristalina Georgieva on Monday warned of inflation risks from the Middle East conflict, saying a 10 percent increase in oil prices, if persistent through most of the year, would result in a 40-basis-point increase in global inflation. “We are seeing resilience tested again by the new conflict in the Middle East,” Georgieva said, speaking in a symposium hosted by Japan’s finance ministry. “My advice to policymakers in this new global environment is think of the unthinkable and prepare for it,” she said.
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theguardian.com
Why has the Iran war sparked fears of stagflation for the global economy?
With oil prices soaring and stock markets falling, economists warn that a prolonged conflict in the Middle East risks knocking growth worldwide and boosting prices
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arabnews.com
IMF’s Georgieva warns Middle East conflict could push global inflation higher
TOKYO: International Monetary Fund Managing Director Kristalina Georgieva on Monday warned of inflation risks from the Middle East conflict, saying a 10 percent increase in oil…