Bangkok: The Managing Director of the International Monetary Fund (IMF), warned of the repercussions of the ongoing conflict in the Middle East on the global economy.
Global economic resilience has been tested yet again by the new conflict in the Middle East, said Kristalina Georgieva at the Asia in 2050 Conference in Bangkok.
"This conflict, if it proves to be more prolonged, has obvious potential to affect global energy prices, market sentiment, growth, and inflation, placing new demands on policymakers," she added.
Underscoring uncertainty is the new normal, Georgieva warned that new shocks in different shapes and sizes will keep coming.
For most of Asia, what is at stake is energy security and, through that, confidence, said Georgieva, noting that stock markets are already reacting.
IMF, as guardian of international economic and financial stability, is watching the events unfold very carefully, she said, adding that the IMF is assessing and quantifying the regional and global economic ramifications.
