Global economy resilient to Middle East war shock, agencies say

Global economy resilient despite West Asia war, but risks persist: IEA, IMF, World Bank, WTO

Fuel and fertiliser prices have eased since June, but the four global institutions warn uncertainty remains high and call for reopening of the Strait of Hormuz

Global economy resilient to Middle East war shock, agencies say

Global Finance Presses For Hormuz Reopening Amid War Fallout

The heads of the International Energy Agency [IEA], International Monetary Fund [IMF], World Bank Group [WBG], and World Trade Organization [WTO] warned that the ongoing war in West Asia threatens global energy supplies, trade, and economic stability, despite the global economy showing resilience.

Middle East conflict: IMF, World Bank, others seek stronger global cooperation

Middle East conflict: IMF, World Bank, others seek stronger global cooperation The Heads of the International Energy Agency, IMF, World Bank Group and WTO  have called for sustained global cooperation to address the economic, energy and trade impacts of the Middle East conflict. The institutions made the call in a joint statement issued on Wednesday […] The post Middle East conflict: IMF, World Bank, others seek stronger global cooperation appea…

IMF, World Bank rally nations to tackle Middle East war's economic fallout

The appeal followed a meeting of their high-level coordination group on 7 July, with a joint statement released on Wednesday by the International Energy Agency, the International Monetary Fund, the World Bank Group and the World Trade Organisation.