War in Mideast would impact global economy

By Reuters

Oct 17, 2024 12:16 am

WASHINGTON, D.C. — World Bank President Ajay Banga on Tuesday warned that a significant widening of the Israel-Gaza war could lead to major impacts on the global economy, calling the steep loss of civilian lives in the region 'unconscionable.'

Speaking in a Reuters NEXT Newsmaker interview, Banga said the war has had a relatively small impact on the global economy thus far, but a significant widening of the conflict would draw in other countries that are larger contributors to global growth, including commodity exporters.

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