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After nearly seven weeks of war in the Middle East,
the flow of oil and other goods through the Strait of Hormuz has been reduced to a trickle,
and the global economy is showing signs of strain.
On Thursday, President Trump announced Israel and Lebanon have agreed to a 10-day ceasefire.
But the future of that conflict and the war in Iran is still uncertain.
It 's against that backdrop that central bankers and other policymakers from around the world are gathering this week
at the spring meetings of the International Monetary Fund and the World Bank in Washington,
D.C. Kristalina Georgieva is one of the hosts of this week's meetings.
She's the managing director of the IMF.
And at a news conference, she warned more pain is coming for the global economy.
If the conflict persists and oil prices stay high for an extended period.
We must brace for tough times ahead.
I think there 's a sort of mixture of they 're depressed and they 're,
I think, irritation, at least some of the finance ministers that are moving in,
the central bank governors that have been flying in. Stephanie Flanders is the head of economics and politics at Bloomberg
and hosts the Trumponomics podcast.