The conflict between Israel and Hamas that broke out this past week has the potential to disrupt the world economy, Report informs via Bloomberg.
"Like Middle East wars of the past, the conflict between Israel and Hamas that broke out this past week has the potential to disrupt the world economy — and even tip it into recession if more countries are drawn in," the article says.
Journalists noted that the conflict in the Middle East can send tremors through the world because the region is a crucial supplier of energy and a key shipping passageway.\
"Today’s world economy looks vulnerable," the article says adding that it's still recovering from a bout of inflation due to the war in Ukraine.
Authors believe that another war in an energy-producing region could rekindle inflation.
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