On Thursday local time, International Monetary Fund President Georgieva stated at the International Monetary Fund and World Bank's autumn 2023 annual meeting that the escalation of the Israeli-Palestinian conflict may cast a shadow over the already bleak global economic outlook. Georgieva pointed out that the current characteristics of the global economy are weak growth, deepening economic differentiation and divisions, and severe shocks are becoming the new normal. It is expected that interest rates will remain high for a longer period of time to curb sustained high inflation.