Next 24 hrs crucial to assess war's economic impact: Gita Gopinath

Economist Gita Gopinath said the next 24 hours are going to be critical to the direction of the ongoing West Asia war and the consequences for the global economy. "Markets are currently reacting to the conflict as a stagflationary shock," Gopinath said. For India, the impact is a fundamental shock rather than a temporary reaction, she added.