Indermit Gill
Israel-Hamas conflict could lead to oil price spike: World Bank
The war between Israel and Hamas could trigger price shocks for raw materials such as oil and agriculture products if the conflict escalates across the Middle East, the World Bank warned in a report yesterday.
Oil has already risen six percent since the latest round of fighting, sparked when Hamas militants from Gaza stormed southern Israel.
World Bank offers dim outlook for the global economy
The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia's invasion of Ukraine and the lingering effects of the coronavirus pandemic.
Gill: Serbia has done well to maintain macroeconomic stability
MT KOPAONIK - Indermit Gill, chief economist of the World Bank Group and senior vice president for development economics, said on Monday 2023 could be the third-worst non-recession year since 1990 but that Serbia had done very well to maintain macroeconomic stability.