ArmInfo. The global economy is once again being tested by a new conflict in the Middle East, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday.
"This conflict, if it protracts, has the clear potential to impact global energy prices, market sentiment, growth, and inflation, placing new demands on policymakers," Georgieva said in her opening remarks at the "Asia in 2050" conference in Bangkok.
Emphasizing that uncertainty is the new normal, Georgieva warned that new shocks of varying forms and scales will continue.
For much of Asia, energy security and, therefore, confidence are at stake, Georgieva said, noting that stock markets are already reacting to the international situation.
The IMF, as the guardian of international economic and financial stability, is closely monitoring developments, she said, adding that the fund is assessing and determining regional and global economic implications.
