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."