World Bank chief Banga says Gaza conflict is economic shock 'we don't need'
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2023-10-10 22:22
MARRAKECH, Morocco World Bank President Ajay Banga said on Thursday that the Israel-Gaza conflict is an unnecessary global

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.

(Reporting by David Lawder; Editing by Alison Williams)

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