Kristalina Georgieva warns Israel-Hamas conflict is another cloud on horizon among many
RIYADH – The head of the International Monetary Fund on Wednesday said the war between Israel and Hamas was another cloud on a horizon with plenty of them, warning that the global economic outlook could worsen.
"So now ... our call to everybody is: buckle up. Make sure that you understand interest rates are here to stay for longer."Dubbed "Davos in the desert", the conference has drawn senior finance industry figures, many of whom have already struck a pessimistic tone about the global economy. On Tuesday, JPMorgan Chase boss Jamie Dimon encouraged Saudi Arabia not to abandon a United States-led initiative to establish official relations with Israel.Georgieva said the IMF's first concern was "the tragic loss of life" at the war's epicentre, though more widespread impacts were already apparent.
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