The two world investment giants, CEO of JPMorgan, Jamie Dimon, and CEO of BlackRock, Jamie Dimon, warned that the Israeli war on… Gaza strip It threatens to throw the global economy into chaos Economic recessionalong with other major investors, according to what the Israeli economic newspaper “Globus” reported.
Quotes The Sunday Times newspaper on Damon – and he CEO of the largest bank in the world- The post-war implications for Gaza are very serious, indicating that they will be the most dangerous since 1938.
Damon pointed out that in addition to the war launched by Israel on Gaza, there is the Russian war on Ukraine, considering the two events “very frightening and unexpected” and a war on “the most important thing for the future of the world: freedom, democracy, food, energy, and immigration.”
The bank’s CEO added that the war could have “far-reaching effects on energy and food prices and international trade.”
As for Larry Fink – who heads the largest asset management company in the world – he said, “When Russia invaded Ukraine, we said that the gains of peace had ended. Now, with the outbreak of conflict in the Middle East, geopolitical risks threaten global conditions.”
Fink pointed out that fear is increasing around the world, which leads to a decline in consumption and additional spending, and may thus lead to recession in the long term.
Inflation and interest rates
Returning to Damon, he explains that although… Inflation rate Recently stabilized, it is feared that it will actually rise again, and then it may be pushed back higher interest rate In the United States, adding that the interest rate may rise to 6% or 7%, which would make things difficult for several things, the most important of which are real estate and banks, which is what Fink also concluded.
Many global specialized bodies have expressed their fears about the consequences of the war in the Middle East on the oil market, especially if it expands or is prolonged, as the region is responsible for more than a third of the world’s oil supplies, and the ghost of the 1973 oil crisis is still present before them, when the Arab countries baptized The oil producer imposed a global oil embargo to pressure Israel to stop its aggression against Arab countries, which led to a rocketing rise in oil, which subsequently led to a global recession.
For 33 days, the Israeli occupation army has launched intense air and artillery raids on the Gaza Strip, which led to the death of more than 10,500 Palestinians, including 4,324 children and 2,823 women, and more than 26,000 were injured. 163 Palestinians were martyred, and 2,215 were arrested in the West Bank so far.