At an AC Front Page event on April 7, World Bank Group President Ajay Banga warned the world to expect “some degree of high inflation and some degree of lower growth” due to the Iran war. He told a packed audience at Atlantic Council studios that inflation could notch 0.9 percent higher and growth could fall 0.4 percent lower as a result of the Iran war and its impact on shipping and energy. Banga also outlined the World Bank’s approach to supporting job growth. He was speaking in a curtain raiser event ahead of the International Monetary Fund (IMF)-World Bank Spring Meetings in Washington, DC.

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