World Bank warns world economy in danger

Kathmandu: The World Bank and The International Monetary Fund (IMF) have said the world economy is in danger.

The data has been made public indicating world economy is in danger, due to the attacks in the Red Sea area which started immediately, after the conflict between Israel and Gaza.

IMF said the world economy could have an impact, if the war continues as it already has affected The Middle East and North African region economies, due to the attacks on the Shipping Ship in the Red Sea.

Yemen’s Iran-backed Houthis in collaboration with Palestinians, are targeting Israel – related shipments.

Likewise, Cargo ships to save from Houthi’s attack, were compelled to use long and expensive routes.

Similarly, the IMF said that 40% of shipments have fallen, since the start of Houthi’s attack.