Kristalina Georgieva

"Growth will be slower – even if the new peace is durable."

"This conflict, if proven to be prolonged, has obvious potential to affect global energy prices, market sentiment, growth and inflation."

"The world was potentially in a long period of flux as the hostilities tested economic resilience."

"a 10% increase in energy prices that persists for a year would push up global inflation by 40 basis points and slow global economic growth by 0.1-0.2%."

"The Middle East conflict could push global inflation higher."

"We are seeing resilience tested again by the new conflict in the Middle East."

"My advice to policymakers in this new global environment is think of the unthinkable and prepare for it."

"if the conflict were protracted, this would have clear and obvious potential to affect market sentiment, growth and inflation."

"If the new conflict proves prolonged, it has clear and obvious potential to affect market sentiment, growth and inflation, placing new demands on policymakers."

"You have control over your domestic policies."

"My advice to policymakers in this new global climate is to think the unthinkable and prepare for it."

""The International Monetary Fund is set to reduce its forecast for global economic growth and bump up its outlook for inflation.""

"Had it not been for this shock, we would have been upgrading global growth."

"Even in a best case, there will be no neat and clean return to the status quo ante."

"Given the spillovers of the Middle East war, we expect near-term demand for IMF balance-of-payments support to rise to somewhere between $20bn and $50bn, with the lower bound prevailing if the ceasefire holds."

"Even in a best case, there will be no neat and clean return to the status quo ante."

"The global economy faces slower growth due to supply disruptions caused by the conflict in the Middle East."

"But now, even our most hopeful scenario involves a growth downgrade. Even in a best case, there will be no neat and clean return to the status quo."

"The fact is, we don’t truly know what the future holds for transits through the strait of Hormuz or, for that matter, for the recovery of regional air traffic."

"Had it not been for this shock, we would have been upgrading."

""do no harm" as they face the massive economic shocks caused by the Middle East war."

""There is no way around it.""

""I feel for them, because they're now faced with bad or worse. There is no upside scenario at that moment.""

""It's a very hard job, so if we can use the meetings for people to build their courage together, that would be a very good outcome.""

""The impact of this shock is already baked in, even if the war stops today.""

"The global economy can still recover rapidly from the shock of the Middle East war if the conflict ends in the next weeks, but the situation will be worse if it drags through the summer."

"The global economy can still recover rapidly from the shock of the Middle East war if the conflict ends in the next weeks, but the situation will be worse if it drags through the summer."

"importance of targeted, temporary measures to combat inflation without broader subsidies"

"The global economy can still recover rapidly from the shock of the Middle East war if the conflict ends in the next weeks, but the situation will be worse if it drags through the summer."

"global economic shocks had been 'pushing debt levels up like a staircase not to heaven' but that governments had taken 'no action to contain that service cost'"

"'It is impossible to stress strongly enough how critical it is to get the courage to take the steps that are necessary.'"

"[It's] time to take that action, adding that courage was needed by politicians to take the necessary steps."

"The IMF could see demand from at least 12 countries for US$20 billion to US$50 billion."

"The IMF could see demand from at least 12 countries for $20 billion to $50 billion."

"The IMF could see demand from at least 12 countries for $20 billion to $50 billion."