World Bank Chief Economist Indermit Gill warns of a potential new global crisis that could trigger a surge in hunger due to conflicts in the Middle East.
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Jakarta, CNBC Indonesia - World Bank Chief Economist Indermit Gill warns of a potential new global crisis that could trigger a surge in hunger. The conflict in the Middle East involving Iran is believed to have the potential to cause widespread impacts on the global economy. In an interview with AFP during the IMF-World Bank Spring Meetings in Washington, Gill mentioned that currently around 300 million people are experiencing acute food insecurity. This number could potentially increase by up to 20% in a short period due to the domino effect of the conflict. "There are about 300 million people who are already suffering from acute food insecurity. That number will increase by about 20 percent very quickly," Gill said, quoted on Thursday (April 16, 2026). He explained that the disruption in the Strait of Hormuz has driven up energy prices and directly impacted the surge in fertilizer prices, which depend on oil-based raw materials. This rise in fertilizer prices risks depressing ...