War Adds Risks to Indebted, Expensive and Fractured World
- World economy facing record debt, high rates, dysfunction
- Financial, policy leaders gather around IMF/World Bank meeting
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A world economy struggling with record debt, expensive credit and increasingly dysfunctional or inadequate institutions now faces new dangers from war in the Middle East.
The fighting between Israel and Hamas added significant risk to an already fragile economic outlook. The conflict overshadowed a marathon week of meetings among the financial and policy elite in Marrakech, Morocco led by the International Monetary Fund and World Bank. Calls for fresh climate funding and debt relief for poor nations, were already struggling to be heard.