GRIMALDI & PARTNERS: Global economic impact of the Israel-Hamas war: IMF warning

By Silvano Grimaldi, CEO of the independent asset management GRIMALDI & PARTNERS AG

Zurich – The Israel-Hamas war is in its fifth month. An expansion of the war in the Middle East is still not averted. The ongoing attacks by the pro-Iranian Houthi militia from Yemen on ships in the Red Sea have already had a negative impact on international trade in goods. Will the situation in the Middle East continue to escalate? Should investors expect setbacks on the stock markets? Silvano Grimaldi, CEO of the independent Swiss asset management company Grimaldi & Partners AG, gives you answers to these questions.

The International Monetary Fund (IMF) warns
Developments in the conflict between Israel and Hamas have raised concerns around the world, particularly regarding their potential impact on the global economy. The International Monetary Fund (IMF) has warned of far-reaching economic consequences of this conflict and described the situation as an additional threat to an already tense global economic situation (due to the Ukraine war, tensions between China and Taiwan, among others). An ongoing Israel-Hamas war highlights the delicate balance of global markets and the potential dangers of geopolitical unrest.

Oil prices under pressure
In direct response to the escalation of the conflict, significant changes have been observed in global markets, particularly in oil prices. After the Hamas attacks, the price of oil briefly rose above the $90 mark, fell slightly in the following weeks, but rose again after the publication of the ..................................

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