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IMF: Hamas's conflict with Israel is a new cloud that is gathering over the entire economy

IMF: Hamas’s conflict with Israel is a new cloud that is gathering over the entire economy

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The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, stated on Thursday that the intensification of hostilities between Israel and Palestine has cast a new shadow over the economy of the entire world.

This was something that Georgieva discussed during a news conference on Wednesday.

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Regarding the potential effects on the economy, we are keeping a very careful eye on how the situation develops, specifically how it is influencing the oil markets.

It is too soon to say, but we have seen some fluctuations in the price of oil, and there have been some reactions on the markets.

“And as I mentioned before, we will be keeping a careful eye on this.

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“There is no question that this is a brand new cloud on what has not been the brightest horizon of the international economy.

She remarked that there was a new cloud that was making the horizon look darker.

In retaliation for the bloodiest attack on Jews since the Holocaust, which took place when hundreds of gunmen stormed past the barrier wire and rampaged through Israeli cities on Saturday, Israel has pledged to eradicate the Hamas movement that rules the Gaza Strip. This is in response to the massacre that took place on Saturday.

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Since Saturday, the number of Israelis who have been confirmed dead has increased to above 1,300.

The majority were innocent bystanders who were murdered in their houses, on the streets, or while attending a dance party.

A significant number of Israeli and international hostages were released and returned to Gaza.

The full scope of the killings has only become clear in the past few days, after Israeli forces seized control of communities and discovered homes strewn with bodies. Among the victims were women who had been raped and murdered, as well as children who had been shot and set on fire.

To date, Israel’s response has consisted of imposing a total siege on the enclave, which is home to 2.3 million people, and conducting the by far most powerful bombing campaign in the 75-year history of the Israeli-Palestinian conflict, which has resulted in the destruction of entire neighborhoods.

The attack has reportedly resulted in the deaths of more than 1,200 people and injuries to more than 5,000 others, according to the authorities in Gaza.

The one and only power plant has been shut down, and hospitals are rapidly running out of fuel for their backup generators.

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