World Bank chief Banga says Gaza conflict is economic shock 'we don't need'
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World Bank chief Banga says Gaza conflict is economic shock 'we don't need'
MARRAKECH, Morocco (Reuters) - World Bank President Ajay Banga said on Tuesday 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 Morocco.
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.
