From News Desk

The International Monetary Fund has issued the following statement on the military conflict going on in West Asia –

“We are closely monitoring developments in West Asia. So far, we have observed disruptions to trade and economic activity, surges in energy prices, and volatility in financial markets. 

The situation remains highly fluid and adds to an already uncertain global economic environment. It is too early to assess the economic impact on the region and the global economy. That impact will depend on the extent and duration of the conflict.

We will provide a comprehensive assessment in our April World Economic Outlook.”

–IMF Communications Department