Besides, Ms. Georgieva also said: "We are closely monitoring how the situation will affect the world economy, especially the oil market."
The leader said oil prices have fluctuated, but it is too early to predict the impact on the economy.
“Clearly, this is a 'new cloud' that is covering the horizon,” the head of the IMF described.
Ms Georgieva is among several world leaders expressing concern about the sudden outbreak of violence in the long-running Israeli-Palestinian conflict that has claimed more than 2,500 lives.
Ms. Georgieva was moved: “It is heartbreaking to see innocent civilians die. Who pays the price? Innocent people pay the price."
Severe shocks are becoming the “new normal” in the global economy, which is already depressed by weak growth, economic fragmentation and deepening polarization. In addition, interest rates are expected to stay high for longer to contain persistent inflation.
The IMF chief urged countries to avoid escalating the situation and focus on areas of cooperation. “We need to build in the flexibility to anticipate shocks and respond quickly,” she said.
French Finance Minister Bruno Le Maire said a wider conflict would have "difficult economic consequences" for energy prices and global economic growth.
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