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 editionDiscover more
The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer