Think of the unthinkable & prepare for it: IMF on impact of Middle East war

IMF Managing Director Kristalina Georgieva warned ‌of inflation risks arising from the Middle East war. A 10% increase in crude oil prices, if it sustains throughout the year, can result in a 40-basis-point increase in global inflation, she said. "My advice to policymakers ​in this new ​global ⁠environment is think of the unthinkable and ⁠prepare ​for it," added Kristalina.