Middle East conflict raises risks to growth in EBRD regions
United Kingdom, March 26 -- The European Bank for Reconstruction and Development (EBRD) expects the conflict in the Middle East to weigh on economic activity across its regions by way of higher energy and fertiliser prices, disruptions to trade and tourism flows, and tighter financing conditions, according to its latest Regional Economic Update.Entitled "Potential economic impact of the conflict in the Middle East", the new brief assesses how geopolitical tensions are being transmitted through commodity markets, supply chains and financial channels. Energy prices have increased sharply as a result of recent disruptions to production and transport routes in the Persian Gulf. Even though oil and gas prices remain below historical peaks, short...
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