~6 0~p>Israel's war against Hamas poses a threat to the global economy.
Head of the International Monetary Fund (IMF ) Kristalina Georgieva said that the world economy continues to develop and show resilience in the face of various wars and geopolitical crises, but the conflict in the Middle East will have wider consequences.
She said this at the World Government Summit in Dubai, DW reports.
“This extreme uncertainty is exacerbating problems for economies that are still recovering from previous shocks. Further expansion of the conflict will worsen the economic damage,” Georgieva said.
The IMF cut its forecast for economic growth in the Middle East and North Africa from 3.4% to 2.9%.
The organization emphasized that the region’s prospects are extremely uncertain due to a large number of risks. The IMF included the threat of the conflict in the Gaza Strip spreading to countries neighboring Israel, as well as further disruptions in trade caused by attacks on ships in the Red Sea.
Recall, Egypt threatens Israel to suspend the peace agreement and called the demand.
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