The escalating Israel-Hamas conflict raises risks of global market contagion, economist says

The impact on global markets was initially limited, as investors viewed the conflict as contained. However, the prospect of a regional spillover has added to a sense of unease.

El-Erian, who is chief economic advisor at Allianz, said that the longer the fighting continues, the greater the chance that it will escalate into a regional conflict with implications for global financial markets. El-Erian said that such contagion would compound the already pervasive issues facing the global economy, including stagnating growth, stubbornly high inflation and the broader fragmentation of markets.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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The escalating Israel-Hamas conflict raises risks of global market contagion, economist saysAs the Israel-Hamas conflict further intensifies, the risks to the global economy are growing, economist Mohamed el-Erian said Monday.
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