Israel-Hamas Conflict May Cost Global Economy $2 Trillion

Gregory Daco, chief economist at EY-Parthenon, Ernst & Young's global strategy consulting arm, told the New York Times that the Israel-Hamas conflict may cost the global economy $2 trillion.

According to a prominent Ernst & Young economist cited by the New York Times (NYT) on Wednesday, if the confrontation between Hamas and Israel intensifies, the world economy may be destined for a severe blow.

In the "worst-case scenario," Gregory Daco, chief economist at EY-Parthenon, Erns...

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