World Bank chief warns Middle East war will cut growth and have cascading impact
The World Bank chief has cautioned that the ongoing conflict in the Middle East is expected to reduce economic growth and trigger widespread, cascading impacts globally.
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Middle East war to cut growth, deliver cascading impact, World Bank chief says - The Straits Times
Middle East war to cut growth, deliver cascading impact, World Bank chief says The Straits Times
Read full article →Global growth to suffer due to Middle East war: World Bank chief
WASHINGTON: The war in the Middle East will have a cascading impact on the global economy, even if the fragile ceasefire announced by US President Donald Trump takes hold, World Bank President Ajay Banga told Reuters in an interview on Friday. And the damage will be far more serious if the ceasefire fails and the conflict escalates, he said. Banga on Tuesday said global growth could be lowered by 0.3 to 0.4 percentage points in a baseline scenario, with an early end to the war, and by as much...
By none@none.com (Reuters)
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