International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that the world economy is "poised for a soft landing" and that she expects interest rates to go down around the middle of 2024.
Commenting on the Middle East Crisis, Georgieva said that the impact of the Israel-Hamas conflict on the region is high, but that its effect on the wider world is limited, even with the shipping disruptions in the Red Sea. She said she is concerned about the "longevity of the conflict" because the risk of spillover increases over time. "If there are other unintended consequences in terms of where the fighting goes, then it can become much more problematic for the world as a whole."
