Global economic resilience was being tested yet again by the latest war in the Middle East, the head of the IMF Kristalina Georgieva warned Thursday.
"This conflict, if proven to be more prolonged, has obvious potential to affect global energy prices, market sentiment, growth and inflation, and place new demands on the shoulders of policymakers everywhere," Georgieva said during a livestream of the "Asia in 2050" conference in Bangkok.
The conflict in the resource-rich region has sent global oil prices soaring, and markets have been thrown into turmoil.
"We are in a world of more frequent, more unexpected shocks and we have been warning our membership for quite some time that uncertainty is now the new normal," Georgieva said Thursday.
"We are potentially in a prolonged period of flux,” she added.
Energy security was "at stake" for most of Asia, she told the conference in Thailand's capital, noting the markets have fluctuated "like a roller coaster over the last couple of days."
"So the sooner we see the end of calamity, the better for the whole world,” she said.
