International Monetary Fund Managing Director Christalina Georgieva said at an event in Montevideo, Uruguay, that although the impact of the conflict will be relatively limited if navigation is quickly resumed in the Strait of Hormuz, the impact of the conflict will be relatively limited, but the Middle East oil shock may still cause the global economy to fall into recession, and this risk has not yet been eliminated. Georgieva said that the IMF is closely monitoring the trend of inflation, which will affect interest rates and increase pressure on public finances. Georgieva pointed out that in the context of global multilateral agreements being blocked, small open economies should seek to reach trade agreements. “I am very supportive of exploring opportunities for regional and cross-regional trade cooperation.” Georgieva said. “It's very difficult to reach and implement a global agreement,” she said. Georgieva believes that the current trend of trade protectionism will continue for a long time.

International Monetary Fund Managing Director Christalina Georgieva said at an event in Montevideo, Uruguay, that although the impact of the conflict will be relatively limited if navigation is quickly resumed in the Strait of Hormuz, the impact of the conflict will be relatively limited, but the Middle East oil shock may still cause the global economy to fall into recession, and this risk has not yet been eliminated. Georgieva said that the IMF is closely monitoring the trend of inflation, which will affect interest rates and increase pressure on public finances. Georgieva pointed out that in the context of global multilateral agreements being blocked, small open economies should seek to reach trade agreements. “I am very supportive of exploring opportunities for regional and cross-regional trade cooperation.” Georgieva said. “It's very difficult to reach and implement a global agreement,” she said. Georgieva believes that the current trend of trade protectionism will continue for a long time.