$1 Trillion Cost of Direct Mideast War

The Middle East conflict so far is having a limited impact on the global economy, which could continue if our scenario of contained hostilities holds. BI’s scenario analysis spans a proxy war, a cease fire and a direct war, with the latter potentially sending the global economy into a recession and cutting $1 trillion off global GDP. Bloomberg News’ Salih Yilmaz speaks with Vonnie Quinn on Bloomberg Daybreak: Middle East & Africa. (Source: Bloomberg)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.