Washington: The expansion of the Middle East war affects the global economy.
US Treasury Secretary Janet Yellen told CNBC on Wednesday that if the war in the Middle East spreads, it will probably affect the global economy.
From the very beginning of the Zionist regime’s war against Gaza, world financial leaders from America, France to Japan and international institutions warned about the negative consequences of the Gaza war on the international economy.
Yellen was among those who announced in October that the current security situation in Israel will disrupt the growth of the American economy this year and cause more concerns about it. There is still an expectation of a decrease in economic growth.
Yellen’s comments are consistent with the views of senior officials of international financial institutions, including the IMF, the World Bank, the European Central Bank, and others, confirming that the current war between the occupying forces and the Palestinian resistance threatens the weak global economy, which is still reeling from the effects of the coronavirus pandemic. The war in Ukraine and geopolitical risks, inflation, and other crises were not abandoned.