World Bank Chief: Israel-Gaza Conflict an 'Unnecessary Economic Shock'
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World Bank chief says Israel-Gaza conflict is an unnecessary economic shock that will make soft landings harder for central banks.
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Conflict does not impact oil, grains and fertilizers like Ukraine war, but does transmit through financial markets.
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Inflation was coming down, prices stabilizing, and markets accepting higher rates before conflict.
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World Bank has closed Gaza operations but West Bank remains open.
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EU "made a mistake" announcing aid cutoff to Palestinian Territories, which was later reversed.