The International Monetary Fund (IMF) has issued a warning that the ongoing conflict in the Middle East could lead to higher global inflation, with energy security becoming a major concern. Kristalina Georgieva, the Managing Director of the IMF, stated that if oil prices rise by 10% and remain at that level for most of the year, it could cause a 40-basis-point rise in global inflation. Georgieva made these remarks during a symposium organized by Japan’s finance ministry, noting, “We are seeing resilience tested again by the new conflict in the Middle East.” She advised policymakers to think about unexpected scenarios and be ready for them in this new global situation.
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