IMF Says Mideast War to Test World Economy, Expecting New Shocks

International Monetary Fund Managing Director Kristalina Georgieva said the war in the Middle East will test global economic resilience and warned that “new shocks in different shapes and sizes” will keep coming.

Underscoring the IMF’s concern at the suffering and loss of life resulting from the Middle East crisis, Georgieva warned that a prolonged conflict could affect energy prices, market sentiment, economic growth and inflation, “placing new demands on the shoulders of policymakers everywhere.”