World Bank Warns "Israel-Palestine War Raises Serious Concerns for Global Economic Growth"
![Azeej Bangga, President of the World Bank (WB). [Photo by Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2023102420054227402_1698145543.jpg)
Ajay Banga, President of the World Bank (WB), stated on the 24th (local time) that the war between Israel and the Palestinian armed group Hamas could have a serious impact on global economic growth.
According to major foreign media including AFP on the same day, President Banga said at the annual Future Investment Initiative (FII) forum held in Saudi Arabia, "The recent events in Israel and the Gaza Strip, when combined, I believe have a serious impact on economic growth." He added, "I think we are in a very dangerous time."
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The war, triggered by Hamas's surprise attack on Israel on the 7th, has resulted in at least 1,400 deaths in Israel. More than 200 people have been taken hostage by Hamas. It is reported that over 5,000 people have died in the Gaza Strip due to Israel's retaliatory airstrikes.
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