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War in Gaza and attacks in the Red Sea threaten global economy, according to IMF and WB

War in Gaza and attacks in the Red Sea threaten global economy, according to IMF and WB

He International Monetary Fund and the World Bank warned this Monday that the war Loop and attacks against merchant ships in the Red Sea They pose a threat to the world economy.

The managing director of IMFKristalina Georgieva said at the World Government Summit in Dubai that the war in Gaza between Israel and the Palestinian Hamas movement, which broke out in October, has already damaged the economies of the Middle East and North Africa.

What I fear most is a prolongation of the conflict because (…) the risk of it spreading increases“, he claimed Georgieva.

Right now we see a risk of spread in the Suez Canal“he said, referring to the passage that connects the Mediterranean with the Red Sea, waters where the Houthi rebels of Yemen They launched a barrage of attacks against ships they consider linked to Israel.

The Yemeni rebels, a movement related to Iranclaim to be acting in solidarity with the Palestinians of Gaza.

The conflict in Gaza erupted after a Hamas attack in southern Israel that left 1,160 dead, mostly civilians, according to an AFP count based on official data from Israeli authorities.

In response, Israel promised “annihilate” to Hamas, which has ruled Gaza since 2007, and the Ministry of Health of this Islamist movement affirms that 28,340 people have died since the start of the war in this Palestinian territory, mostly civilians.

The president of the World Bank, Ajay Bangastated at the same event that “what is happening in Gaza, but also the challenges of Ukraine (…) and the Red Sea” are the main challenges for the prospects of the world economy.

Source: Gestion

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