Economy

Israel-Hamas war poses risk of global market contagion, economist says

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Mohamed Aly El-Erian, chief economic advisor for Allianz SE, during a Bloomberg Television interview in London, UK, on Monday, Sept. 25, 2023. El-Erian spoke alongside former UK Prime Minister Gordon Brown and economist Michael Spence, his co-authors for their book Permacrisis: A Plan to Fix a Fractured World. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Bloomberg | Bloomberg | Getty Images

As the Israel-Hamas war draws into into its fourth week, the risks to the global economy are rising, economist Mohamed el-Erian said Monday.

The conflict ramped up on Monday, after Israeli military said it had widened its ground offensive in Gaza as it continues its assault in response to…



Source cnbc.com

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