Calviño points out geopolitical conflicts as the greatest source of uncertainty for the world economy

by archynewsy
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The first vice president and acting minister of Economic Affairs and Digital Transformation, Nadia Calvinopointed out this Saturday that geopolitical tensions and conflicts are the greatest source of uncertainty for the world economy despite the fact that it has shown to be more resilient than expected.

In statements during a press conference framed in the meetings of the International Monetary Fund (IMF) and the World Bank held these days in Moroccothe vice president has highlighted the difficult context after years marked by the end of the pandemic, inflation, monetary tightening, the supply crisis, energy prices and Russia’s “terrible war of aggression” against Ukraine.

In fact, Calviño, who is now concluding her mandate as an IMF advisor, has confirmed that in the meetings “many have identified war and conflict as the main source of instability for the global economy right now” following the large-scale resurgence of the conflict in the Gaza Strip.

In this regard, the managing director of the IMF, Kristalina Gueorguievahas mourned the loss of innocent civilians in Israel and called for the need to find a way to prevent the deaths of civilians in Gaza.

However, the Hungarian-born leader has pointed out, regarding this new outbreak of the Palestinian-Israeli conflict, that in terms of impact on the global economy it is too early to anticipate some consequence, although “it must be recognized that it is another source of uncertainty.”

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