IMF Warns of Worldwide Fallout as Attacks on Saudi Arabia Escalate

Strikes on Saudi infrastructure by the Yemeni Houthis could affect the global economy, the managing director of the International Monetary Fund has warned. Speaking at a joint event with the World Bank in Thailand, Kristalina Georgieva said that despite this danger, Saudi Arabia remains resilient and has a better economic outlook than most of its neighbors thanks to its diversification efforts in recent years as it aimed to reduce the share of oil revenues in its budget. Still, the situation remains difficult, with a high risk of further rises…