Israel crisis could cause global economic shock

Markets are discounting the risk of a “massive conflict” in the Middle East, the economist has warned Global financial markets are for now underestimating the threat of a “massive conflict" throughout the Middle East, renowned economist and New York University professor Nouriel Roubini has warned. In an interview with Bloomberg on Thursday, he said that most investors believe Israel “has no choice but go into Gaza and get rid of Hamas,” pricing in a baseline scenario in which “Israel occupies Gaza, it’s going to get ugly, but the conflict remains contained.” However, Roubini, who predicted the financial crisis of

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Last updated : 12 October 2023 clock 08:56 PM

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