10 Questions
What are the potential economic consequences of the conflict between Israel and Hamas?
It has the potential to disrupt the world economy and even tip it into recession if more countries are drawn in.
What is the concern regarding the escalation of the conflict between Israel and Hamas?
There's concern that militias in Lebanon and Syria that support Hamas will join the fighting, and a sharper escalation could bring Israel into direct conflict with Iran.
What are the potential consequences of a sharper escalation of the conflict, according to Bloomberg Economics?
Oil prices could soar to $150 a barrel and global growth could drop to 1.7%.
What are some of the human tragedies mentioned in the text?
A large majority of the dead on both sides are civilians, and there are Israeli hostages taken to Gaza.
How is the devastation of the conflict affecting the likelihood of military escalation?
The devastation is raising emotional temperatures, making military escalation more likely.
What were the three scenarios examined by Bloomberg Economics for the likely impact of the conflict on global growth and inflation?
Scenario 1: Conflict confined to Gaza, Scenario 2: Conflict spilling over to neighboring countries, Scenario 3: Escalation into a direct military exchange between Israel and Iran
What was the trigger for the ground invasion of Gaza in 2014?
The kidnap and murder of three Israelis by Hamas
How much has Tehran increased its oil output by this year?
By as much as 700,000 barrels per day
What is the estimated impact on global economy if the barrels of oil disappear under US pressure?
$3 to $4 billion
What would be the broader consequences of another war in an energy-producing region according to the text?
It could rekindle inflation, extend to renewed unrest in the Arab world, and affect next year's presidential election in the US
Learn about the recent conflict between Israel and Hamas and its potential impact on the world economy. Sign up to receive the Balance of Power newsletter for more insights.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
