World Bank 'extremely concerned' by fallout of Iran war

>In addition to the shock of lower energy availability – which can lead to a drop in economic output – there are also concerns about food security related to fertilizer supply chains being frozen. >Earlier this week, the IMF flagged that the war could have a serious effect on low-income countries if food prices rise significantly. >“People in low income countries are most at risk when prices rise because food accounts for about 36% of consumption on average, compared with 20% in emerging market economies and 9% in advanced economies,” said an IMF report. >In Africa, South Asia and the Middle East, the IMF warned that a number of countries were already struggling with meager foreign reserves and “limited market access,” making them vulnerable to “dangerous” debt shocks. The West is actually not that badly affected by all this, particularly in summer. They're grumbling about higher gas prices and lower GDP growth when much of Asia and Africa is having to ration their fuel supplies and worrying about large-scale unemployment and famine as this disrupts both industrial and agricultural production.

Sounds like the World Bank is running for the Senate in Maine.

In UN language, "extremely concerned" == "We don't give a f\*\*\*, but we'd look bad if we wouldn't say anything"

"Think about the shareholders!!!"