Economics
IMF Urges Preparation for ‘Unthinkable’ Amid Mideast Conflict
Civil defence members near a destroyed fuel tanker following an overnight airstrike on the Shahran oil refinery, in Tehran, on March 8.
Source: AFP/Getty ImagesInternational Monetary Fund Managing Director Kristalina Georgieva said lengthy hostilities in the Middle East would risk hitting markets and economies, while throwing up unexpected challenges that require policymakers to prepare for a “new normal.”
“If the new conflict proves prolonged, it has clear and obvious potential to affect market sentiment, growth and inflation, placing new demands on policymakers,” Georgieva said Monday at a symposium in Tokyo.