World Bank's Banga says geopolitics pose 'serious' risk to world economy
© Reuters. FILE PHOTO: Ajay Banga, World Bank president, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/File PhotoLONDON - World Bank President Ajay Banga said on Tuesday that geopolitic tensions pose the biggest threat to the world economy, but that risks"tend to move around" fast, so others should not be ignored.
"The U.S. 10-year Treasury just crossed 5% briefly yesterday, these are areas we haven't seen. So yes, that is right there lurking in the shadows," Banga said during the annual Future Investment Initiative in Riyadh."There is so much going on in the world and geopolitics in the wars that you're seeing and what just happened recently in Israel and Gaza.
"While everything looks better than we expected it to look in the developed world some time ago, I think that we're at a very dangerous juncture."We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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