Israel-Gaza war risks 'serious' economic damage: World Bank

The war could deal a "serious" blow to global economic development, the president of the World Bank told an investor conference in Saudi Arabia on Tuesday. "What just happened recently in Israel and Gaza -- at the end of the day you put all this together, I think the impact on economic development is even more serious," Ajay Banga said. "I think we're at a very dangerous juncture," he warned.