The Israeli-Hamas conflict is contributing to global economic concerns, according to International Monetary Fund (IMF) chief Kristalina Georgieva.
She expressed worry about the economic repercussions of the ongoing war which has entered its third week.
IMF official stated that the conflict would have a significant negative impact on both sides involved and could affect the broader region.
This impact includes disruptions in trade and tourism which are impacting countries like Egypt, Lebanon, and Jordan.
She emphasized that uncertainty from the conflict could deter tourists and investors from the region.
While Georgieva didn't specifically discuss the conflict's implications for the global economy, she pointed out that the world's economic outlook was already uncertain.
The ongoing Israel-Hamas conflict has raised concerns in a world already grappling with economic challenges.
The situation was echoed by other business leaders at the Future Investment Initiative Institute conference in Riyadh.
The conference, known as "Davos in the desert" typically focuses on economic and investment prospects in the Middle East but has been overshadowed by the ongoing hostilities between Israel and Gaza which followed the October 7 attacks by Hamas.
Georgieva emphasized that the IMF's primary concern is the tragic loss of life due to the conflict and called for a swift resolution to the situation.
