Bangkok: The Managing Director of the International Monetary Fund (IMF) warned of the repercussions of the ongoing conflict in the Middle East on the global economy.

According to Qatar News Agency, Kristalina Georgieva addressed the Asia in 2050 Conference in Bangkok, highlighting the challenges faced by the global economy due to the new conflict in the Middle East. She emphasized that a prolonged conflict could potentially impact global energy prices, market sentiment, growth, and inflation, which would place additional demands on policymakers.

Georgieva noted that uncertainty has become the new normal and warned that new shocks will continue to emerge in various forms. She stressed that for most of Asia, the primary concern is energy security, which directly influences market confidence. She also observed that stock markets have already started reacting to the situation.

As the guardian of international economic and financial stability, the IMF is closely monitoring the unfolding events, Georgieva stated. She assured that the organization is actively assessing and quantifying the economic ramifications both regionally and globally.