Risk of War Threatens a ‘Fragile’ World Economy

Escalating tensions in Israel and Gaza threaten to spark a wider conflict, undermining global economic stability. This comes amid already strained conditions from past crises, with the world grappling with fragile growth and potential spikes in energy and food costs. Increasing debt, stagnant trade, and higher interest rates raise the specter of defaults, while US-China tensions impede global cooperation. The human cost mounts as the risk of disrupted oil supplies stokes fears of stagflation, posing serious risks to the worldwide economy.