IMF's Georgieva flags inflation risks if oil prices stay elevated amid Middle East conflict

TOKYO: IMF Managing Director Kristalina Georgieva on Monday warned of inflation risks from the Middle ‌East ⁠conflict, ⁠saying a 10% increase in oil prices, if persistent through most of the year, would result ⁠in a 40-basis-point ‌increase in global inflation.

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"We are ⁠seeing resilience tested again by the new conflict in the Middle East," Georgieva said, speaking in a symposium hosted by ‌Japan's finance ministry.


"My advice to ​policymakers ​in ⁠this new global environment is think of the unthinkable ​and prepare for it," she said.