Amid ongoing conflict between Israel and Hamas, World Bank president Ajay Banga on Tuesday made a big statement, claiming that the Israel-Hamas war could prove to be a serious blow to the global economy and its development.Banga said that the world is at a very dangerous juncture. He made the statement while addressing an investor conference in Saudi Arabia.According to the sources, while addressing the event, he said, “There is so much going on in the world and geopolitics in the wars that youre seeing and what just happened recently in Israel and Gaza. At the end of the day, when you put all this together, I think the impact on economic development is even more serious.”I think were at a very dangerous juncture: Ajay BangaBanga while speaking also said that geopolitical tensions are among of the biggest threat to the world economy. However, economic risks tend to move around fast and shouldnt be ignored, he added further.Israel-Hamas conflictIt is to be noted here that Hamas militants attacked on Israel from the Gaza Strip on October 7 and killed at least 1,400 people, mostly civilians who were shot or burnt to death on the first day of the holocaust.Meanwhile, Israel Defence Forces (IDF) has continued bombardment in the Gaza strip to eliminate the terrorist organisation, Hamas.
