IMF’s Georgieva warns Middle East conflict could push global inflation higher
[TOKYO] IMF Managing Director Kristalina Georgieva on Monday warned of inflation risks from the Middle East conflict, saying a 10 per cent increase in oil prices, if persistent through most of the year, would result in a 40-basis-point increase in global inflation.
“We are seeing resilience tested again by the new conflict in the Middle East,” Georgieva said, speaking in a symposium hosted by Japan’s finance ministry.
“My advice to policymakers in this new global environment is think of the unthinkable and prepare for it,” she said. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Prima to move out of historic Keppel Road flour mill building in 2028
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
OCBC sheds S$8 billion in value as shares close nearly 6% down; analysts cautious on banks
As Asia’s food delivery giants rejig the pie, who will win the market?
