WASHINGTON, D.C. — World Bank President Ajay Banga on Tuesday warned that a significant widening of the Israel-Gaza war could lead to major impacts on the global economy, calling the steep loss of civilian lives in the region "unconscionable." Speaking in a Reuters NEXT Newsmaker interview, Banga said the war has had a relatively small impact on the global economy thus far, but a significant widening of the conflict would draw in other countries that are larger contributors to global growth, including commodity exporters. "First of all, I think this unbelievable loss of life women, children, others, civilians, is just unconscionable on all sides," Banga said. "The economic impact of this war, on the other hand, depends a great deal on how much this spreads." More than 42,000 Palestinians have been killed in the offensive so far, according to Gaza's health authorities.

Source: Manila Times October 17, 2024 04:17 UTC