LBCI

IMF: Escalation of Middle East conflict could have 'significant' economic consequences

Middle East News

2024-10-03 | 10:43

Share

Share

IMF: Escalation of Middle East conflict could have 'significant' economic consequences

The International Monetary Fund (IMF) said Thursday that an escalation of the conflict in the Middle East could have significant economic ramifications for the region and the global economy, but commodity prices remain below the highs of the past year.

IMF spokesperson Julie Kozack said that the Fund is closely monitoring the situation in southern Lebanon with "grave concern" and offered condolences for the loss of life.

"The potential for further escalation of the conflict heightens risks and uncertainty and could have significant economic ramifications for the region and beyond," Kozack said.

Reuters

Middle East News

IMF

Escalation

Conflict

Economic

Consequences

Next

Iranian President claims continued Israeli crimes prompted armed forces to respond decisively

Israeli UN envoy warns of 'strong and painful' response, citing ability to reach any target in Middle East: CNN

Previous

Recommended For You

Israel army says drone approaching from east intercepted

Middle East News

01:39

Israel army says drone approaching from east intercepted

Israeli army chief considers first-ever appointment of civilian to lead Military Intelligence Unit 8200

Middle East News

22:28

Israeli army chief considers first-ever appointment of civilian to lead Military Intelligence Unit 8200

Israeli army reports Hezbollah launches 90 rockets from Lebanon

Middle East News

16:25

Israeli army reports Hezbollah launches 90 rockets from Lebanon

Israel anticipates potential Iranian missile strike on military targets, reports Channel 13

Middle East News

16:07

Israel anticipates potential Iranian missile strike on military targets, reports Channel 13

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

LBCI sources: Intense clashes erupt after Hezbollah repels Israeli army's advance in Maroun El-Ras, South Lebanon

2024-10-02

LBCI sources: Intense clashes erupt after Hezbollah repels Israeli army's advance in Maroun El-Ras, South Lebanon

France says it has information confirming death of Hassan Nasrallah

2024-09-28

France says it has information confirming death of Hassan Nasrallah

UN Security Council to meet to discuss Lebanon

2024-09-25

UN Security Council to meet to discuss Lebanon

LBCI captures aftermath of Israeli airstrikes in Ali El-Nahri, Zahle District

2024-11-03

LBCI captures aftermath of Israeli airstrikes in Ali El-Nahri, Zahle District

Videos

Hezbollah reveals border attack on Israeli forces, releases video footage

2024-11-03

Hezbollah reveals border attack on Israeli forces, releases video footage

'We Will Not Leave the Battlefield': Hezbollah unveils video on 'Imad 5' facility

2024-11-03

'We Will Not Leave the Battlefield': Hezbollah unveils video on 'Imad 5' facility

LBCI captures aftermath of Israeli airstrikes in Ali El-Nahri, Zahle District

2024-11-03

LBCI captures aftermath of Israeli airstrikes in Ali El-Nahri, Zahle District

LBCI captures extensive damage from Israeli airstrikes on Hay El Bayad, Nabatieh in South Lebanon

2024-11-02

LBCI captures extensive damage from Israeli airstrikes on Hay El Bayad, Nabatieh in South Lebanon

Four Lebanese security sources confirm to LBCI the abduction of an individual identified as "I.A." in Batroun, abductors likely to be Israeli forces

2024-11-02

Four Lebanese security sources confirm to LBCI the abduction of an individual identified as "I.A." in Batroun, abductors likely to be Israeli forces

Miss Lebanon Nada Koussa heads to Mexico after receiving an apology from Miss Universe Organization

2024-10-31

Miss Lebanon Nada Koussa heads to Mexico after receiving an apology from Miss Universe Organization

Israeli airstrikes target civil defense and Islamic Health Organization in Tyre (Video)

2024-10-31

Israeli airstrikes target civil defense and Islamic Health Organization in Tyre (Video)

Two killed in Israeli airstrike targeting vehicle in Ain El Remmaneh, Aley District (Video)

2024-10-30

Two killed in Israeli airstrike targeting vehicle in Ain El Remmaneh, Aley District (Video)

Baalbek residents flee to Deir al-Ahmar after Israeli evacuation warning; stranded families await shelter (Video)

2024-10-30

Baalbek residents flee to Deir al-Ahmar after Israeli evacuation warning; stranded families await shelter (Video)

Most read

24 hours

7 days

Month

Israel strikes Hezbollah’s intelligence infrastructure in Syria, targeting key operatives: Israeli army claims

1

Israel strikes Hezbollah’s intelligence infrastructure in Syria, targeting key operatives: Israeli army claims

Israeli army claims assassination of Hezbollah commander 'Riad Rida Ghazzawi' in South Lebanon

2

Israeli army claims assassination of Hezbollah commander 'Riad Rida Ghazzawi' in South Lebanon

Israeli army destroys residential neighborhoods in Meiss El Jabal, South Lebanon (Video)

3

Israeli army destroys residential neighborhoods in Meiss El Jabal, South Lebanon (Video)

Israel's army claims 188th Brigade 'dismantling' Hezbollah infrastructure in southern Lebanon

4

Israel's army claims 188th Brigade 'dismantling' Hezbollah infrastructure in southern Lebanon

South Lebanon in ruins: Israel's buffer zone strategy leaves villages uninhabitable

5

South Lebanon in ruins: Israel's buffer zone strategy leaves villages uninhabitable

Hezbollah says launched 'big rocket salvo' at Israel's Safed

6

Hezbollah says launched 'big rocket salvo' at Israel's Safed

Lebanon's stance: Ceasefire a must before discussing Resolution 1701

7

Lebanon's stance: Ceasefire a must before discussing Resolution 1701

Israeli jets breach sound barrier in Lebanon, Lebanese state media reports

8

Israeli jets breach sound barrier in Lebanon, Lebanese state media reports

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More