Israel-Hamas conflict a new cloud among many - IMF chief
© Reuters. FILE PHOTO: An Israeli tank and military vehicles are seen near Israel's border with the Gaza Strip, in southern Israel, October 22, 2023. REUTERS/Violeta Santos Moura/File photoRIYADH - 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.
An event traditionally focused on cutting deals has been overshadowed by Israel's intensifying bombardment of Gaza, following an attack by militant group Hamas inside Israel. Thousands have been killed on both sides.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.
"Egypt, Lebanon, Jordan. There, the channels of impact are already visible," she said."Uncertainty is a killer for tourists inflows. Investors are going to be shy to go to that place." "We are not thrilled with going from zero to five so quickly, but we are there," she said, referring to the U.S. Federal Reserve's main policy rate.
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