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What West Asia now implies for the global economy, markets

The global economy and markets are relatively well-placed to handle a once-and-for-all increase in the geopolitical risk premium.

They are not well-placed to navigate further escalations that would involve more parties in a more significant manner.

  • Mohamed A. El-Erian
  • Bloomberg Opinion
  • Deccan Herald

It is generally agreed that this month has seen a significant escalation in long-standing Iran-Israel tensions.

Both countries argue that their territory has been attacked in a manner that warrants and justifies direct retaliation.

Both are threatening…

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