In a worst-case scenario, the world would be plunged into a recession and lose $1 trillion in GDP The global economy would fall into recession with oil prices skyrocketing if Iran were to get involved in the Israel-Palestine conflict, Bloomberg reported this week. According to Bloomberg Economics, analysts are viewing the impact on global growth and inflation under three potential scenarios: with hostilities largely confined to Israel and the Palestinian territories; with the conflict spreading to Lebanon and Syria; and with a direct confrontation between Israel and Iran. While all the three scenarios are likely t
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