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FP/wire say Big Six banks hears IMF warn on inflation

2026-03-06 08:58 ET - In the News

See In the News (C-RY) Royal Bank of Canada

The Financial Post reports in its Friday edition that International Monetary Fund managing director Kristalina Georgieva said at a conference in Bangkok this week that the Middle East war will challenge global economic resilience and warned of "new shocks." A Bloomberg dispatch to the Post reports that Ms. Georgieva emphasized the humanitarian crisis and cautioned that a prolonged conflict could impact energy prices, market sentiment, economic growth and inflation, increasing demands on policy-makers. She said: "We are in a world of more frequent, more unexpected shocks. Most of the time, we cannot predict what exactly they will be. But all of the time, we can strive to be ready for them." She said elevated energy prices could spur inflation and damage global growth. That is on top of tariff turmoil, which Ms. Georgieva last month warned could undercut an otherwise "buoyant" U.S. economy. The IMF is closely monitoring the Middle East conflict, and will incorporate its findings in the World Economic Outlook that will be published in April. "The sooner we see the end of the calamity, the better for the whole world," Ms. Georgieva said.

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