2023-10-14 17:35:00
Washington: Gita Gopinath, the Deputy Managing Director of the International Monetary Fund, warned that the Israel-Hamas war might have serious impacts on the global economy.
This was stated in an interview given to a private channel. The threat of war comes at a time when many countries around the world are suffering from inflation.
They stated that with the participation of more countries in the war, there will be an increase in oil prices and inflation and this will affect the global GDP severely.
It is heartbreaking that so many civilians have died in war zones. How war will affect the global economy can only be known over a certain period of time.
Geeta Gopinath pointed out that the change in oil prices is the most important factor in this. According to the conclusion of the IMF, if there is a 10 percent increase in oil prices, there will be a 0.15 percent fall in the global GDP and a 0.4 percent increase in the inflation rate.
Geeta Gopinath said that the war will severely affect those trying to migrate to other countries and the tourism sector.
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