World Bank chief Banga says Gaza conflict is economic shock 'we don't need'
© Reuters. FILE PHOTO: Ajay Banga, World Bank president, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/File Photo
MARRAKECH, Morocco - World Bank President Ajay Banga said on Thursday that the Israel-Gaza conflict is an unnecessary global economic shock that will make it harder for central banks to achieve soft landings in many economies if it spreads. "It's a humanitarian tragedy and it's an economic shock we don't need," Banga told Reuters on the sidelines of the World Bank-International Monetary Fund annual meetings in Washington.
Central banks were"beginning to feel a little more confident that there was an opportunity for a soft landing, and this kind of just makes it harder", Banga said.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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