Economic shock of Middle East war to cast shadow over IMF, World Bank meetings - Reuters
Economic shock of Middle East war to cast shadow over IMF, World Bank meetings Reuters
Coverage by Political Leaning
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Notable Quotes
"A resilient world economy is being tested again by now post-war in the Middle East."
— Georgieva , Executive
"Good policies make a difference."
— Georgieva , Executive
"The strength and agility of your fundamentals is your best defense when shocks come, and come, they will."
— Georgieva , Executive
"Even in a best case, there will be no neat and clean return to the status quo ante."
— Kristalina Georgieva , Executive
"We could mobilise as much as $25bn 'very quickly' for developing countries hit by the war."
— Ajay Banga , Executive
"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."
— Kristalina Georgieva , Executive
"Even in a best case, there will be no neat and clean return to the status quo ante."
— Kristalina Georgieva , Executive
"The global economy faces slower growth due to supply disruptions caused by the conflict in the Middle East."
— Kristalina Georgieva , Executive
"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."
— Kristalina Georgieva , Executive
"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."
— Kristalina Georgieva , Executive
"the global economy faced a 'very big shock' from the war."
— Andrew Bailey , Executive
"Had it not been for this shock, we would have been upgrading."
— Kristalina Georgieva , Executive
""do no harm" as they face the massive economic shocks caused by the Middle East war."
— Kristalina Georgieva , Executive
""There is no way around it.""
— Kristalina Georgieva , Executive
""I feel for them, because they're now faced with bad or worse. There is no upside scenario at that moment.""
— Kristalina Georgieva , Executive
""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.""
— Kristalina Georgieva , Executive
""The impact of this shock is already baked in, even if the war stops today.""
— Kristalina Georgieva , Executive
"Even if the conflict were truly to stop today ... the closures of refineries, the destruction of infrastructure, the displacement of people, will carry long-term costs no matter what these have happened."
— Roberta Gatti , Academic
"This has triggered what we economists would really see as a textbook supply shock."
— Roberta Gatti , Academic
"Leadership matters, and we've come through crises in the past."
— Ajay Banga , Executive
""Leadership matters, and we've come through crises in the past.""
— Ajay Banga , Executive
"Leadership matters, and we’ve come through crises in the past."
— Ajay Banga , Executive
Key People
Ajay Banga is the President of the World Bank.
Andrew Bailey is the governor of the Bank of England.
Oldest living Canadian and WWII veteran.
Georgieva is the Managing Director of the International Monetary Fund.
Astronaut from the Canadian Space Agency who flew on Artemis 2.
Managing director of the International Monetary Fund.
Lady Gaga is an American singer, songwriter, and actress known for her musical versatility and groundbreaking performances.
Marilyn Gladu is a Conservative MP from Ontario who recently defected to the Liberal Party.
Roberta Gatti is the World Bank's chief economist for the Middle East, North Africa, Afghanistan, and Pakistan.
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<a href="https://news.google.com/rss/articles/CBMixAFBVV95cUxPWjVjWTRTMHFUV2RHeTIzQVlNcmJicEJZQVhsSVpOOTVhVnY2SmdDeEpON09iSHE3TFg0bi15NE9EQlV6TktBSllHQTd2V2JfRGlBT1Z5UUZnZU44NGxza2hlbmFLNnJKLWRvdTdQSEx5R0Y3M191czA1bERveEFYV1hoR2JPeVNaVC1rT1UzeHFhZW5mc1F0bWl3RzQ2NEF2MjZWV2pEZVBCWDdVSVBUM2hhdzNoTldYc1FzT01HZm9vOFhC?oc=5" target="_blank">Economic shock of Middle East war to cast shadow over IMF, World Bank meetings</a> <font color="#6f6f6f">Reuters</font>
IMF Managing Director Kristalina Georgieva discusses the global energy supply shock caused by the Middle East war and its impact on the world economy.
The World Bank projects Middle East economic growth to slow to 1.8% and warns of long-term economic scarring from the Iran war.
Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia’s full-scale invasion of Ukraine in 2022.
IMF Managing Director Kristalina Georgieva discusses the global economic impact of the Middle East war ahead of the Spring Meetings.
IMF Managing Director Kristalina Georgieva discusses the global energy supply shock caused by the Middle East war and its impact on the world economy.
IMF Managing Director Kristalina Georgieva announces plans to provide up to $50 billion in immediate financial assistance to countries affected by the Middle East war.
IMF Managing Director Kristalina Georgieva discusses the global energy supply shock caused by the Middle East war and its impact on the world economy.
IMF Managing Director Kristalina Georgieva warns that the Iran war will permanently scar the global economy, even if a durable peace deal is reached.
IMF Managing Director Kristalina Georgieva urges governments to adopt targeted and disciplined fiscal actions in response to the economic shocks caused by the Middle East war.
IMF Managing Director Kristalina Georgieva discusses the massive spillovers from the Middle East conflict, including disruptions to global food supplies, transport, and chip production.
Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia’s full-scale invasion of Ukraine in 2022.
Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia’s full-scale invasion of Ukraine in 2022.
Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia’s full-scale invasion of Ukraine in 2022.
IMF Managing Director Kristalina Georgieva warns of lasting economic damage from the Iran war, including a downgrade in global growth forecasts and potential inflationary pressures.
Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia’s full-scale invasion of Ukraine in 2022.
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