The Middle East faces economic chaos
Escalating conflict threatens to tip several countries over the brink
Just over 100 days after Hamas’s brutal attack on Israel started a war in Gaza, the conflict is still escalating. On January 11th America and Britain started attacking Houthi strongholds in Yemen, after months of Houthi missile strikes on ships in the Red Sea. Five days later Israel fired its biggest targeted barrage yet into Lebanon. Its target is Hizbullah, a militant group backed by Iran.
This article appeared in the Finance & economics section of the print edition under the headline “The fallout”
Finance & economics January 20th 2024
- How strong is India’s economy under Narendra Modi?
- The countries which raised rates first are now cutting them
- Ted Pick takes charge of Morgan Stanley
- Australian houses are less affordable than they have been in decades
- China’s population is shrinking and its economy is losing ground
- Wall Street is praying firms will start going public again
- The Middle East faces economic chaos
- What economists have learnt from the post-pandemic business cycle
From the January 20th 2024 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
China meets its official growth target. Not everyone is convinced
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
Ethiopia gets a stockmarket. Now it just needs some firms to list
The country is no longer the most populous without a bourse
Are big cities overrated?
New economic research suggests so
Why catastrophe bonds are failing to cover disaster damage
The innovative form of insurance is reaching its limits
“The Traitors”, a reality TV show, offers a useful economics lesson
It is a finite, sequential, incomplete information game
Will Donald Trump unleash Wall Street?
Bankers have plenty of reason to be hopeful