World Bank President: The Conflict Between Israel and Gaza is an "Economic Shock We Don't Want"

The President of the World Bank, Ajay Banga, indicated today, Tuesday, that "the conflict between Israel and Gaza is an unnecessary global economic shock, and it will make it difficult for central banks to achieve a smooth reduction in inflation in many economies if it spreads." In an interview with Reuters, Banga stated, "It is a humanitarian tragedy and an economic shock we don't want," noting that central banks had "started to feel some confidence in the opportunity for a soft landing in inflation, and this conflict will make it harder."