International Monetary Fund Managing Director Kristalina Georgieva said ongoing conflict after Hamas attacked Israel was a “a new cloud on not-the-sunniest horizon for the world economy.”
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“Geopolitical risks are the most significant risk for the world economy now,” said French Finance Minister Bruno Le Maire, including “the most significant risk for growth, for development and for common prosperity.”Europe’s economy faces continued headwinds from inflation as well as the risk of an impact on oil prices from the conflict between Israel and Hamas, according to European Union Economy Commissioner Paolo Gentiloni.
“With the current level of interest rates, we will be making a substantial contribution to the 2% objective,” the Portuguese central bank governor told Bloomberg TV. “We will get there with continuing this monetary-policy stance, holding on for a while until we are totally sure that inflation is coming down.
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