Israel-Hamas war: Global economy taking a hit, what will be the result of this raging war

Israel-Hamas war: Global economy taking a hit, what will be the result of this raging war By- Srushti sharma

[{"selector":"#anim-764f621a-5ae7-4dee-9e4c-39fa10f8a1a9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-50.87500000888199%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-08b6a5e8-7b1f-4486-b886-e297e66bfdd7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9128e74e-1164-405f-bd75-ddf2e8752551","keyframes":{"transform":["translate3d(0px, 165.02057%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The pandemic's inflationary aftereffects and the conflict in Ukraine are already posing a challenge to the world economy.

[{"selector":"#anim-d3109b63-75c8-487e-978b-2763477e07bc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-086fad15-4899-4d9f-8dfe-f9fd0ff6f5f9","keyframes":{"transform":["translate3d(0px, 176.38896%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aaffc6d2-34e6-483f-90a0-734b42e33911 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-54.53515628122463%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] During a period when global central banks, including those in India, are debating how to reduce inflation,

[{"selector":"#anim-99f7d5fa-5bf7-4124-8f78-c02644c7ee91","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a4b23dbf-1117-426a-8e05-206d146f57f2","keyframes":{"transform":["translate3d(0px, 161.31687%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-610a060d-d71b-46c0-a66c-de8f59fc4cea [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(62.167500078726256%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] the possibility of rising oil prices might drastically alter the dynamics between growth and inflation for decision-makers.

[{"selector":"#anim-a4532b71-857a-41c4-ba2a-c1d7ed910616","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4021bfdb-3f47-4a1e-92f5-ba0f115f78c3","keyframes":{"transform":["translate3d(0px, 176.38896%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-47543299-3eb9-4d2a-9aae-1779f66aee78 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-41.993975856992606%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The impact of a Hamas-Israel conflict escalation is clearly less severe than that of the previous Arab-Israeli war

[{"selector":"#anim-9f81fedc-ad90-4d5f-8f80-8c65ad99131f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc190860-c681-4af2-bb0a-b4fd64dd26a2","keyframes":{"transform":["translate3d(0px, 146.09612%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-70672fe1-9aca-43f5-8340-340b72e1ab5c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(60.150061948047686%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] the ensuing oil embargo, considering that the US has significant influence over important Arab countries and that the Arab world is supposedly divided at this time.

[{"selector":"#anim-a18c0299-6e6c-4233-b3ee-f4962a5a8006","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d354e76-9822-42fb-8b1a-695361b81176","keyframes":{"transform":["translate3d(0px, 177.05761%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd86dada-5e86-4b32-b9c9-7abfa8f2bc6b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-45.567622925998975%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] But if the conflict drags on and the humanitarian catastrophe on the Palestinian side gets worse, things can get worse.

[{"selector":"#anim-841fe020-d354-4418-a472-3c1d7a3196fb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd32c49f-4978-4aba-8459-da3d958914a0","keyframes":{"transform":["translate3d(0px, 169.65019%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6470d53c-7de5-4e38-b3ca-9339ad663748 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(47.04687498442288%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Three things could happen while Israel carries out its deadly airstrikes and limited ground operations,

[{"selector":"#anim-64863492-11e3-4812-b61b-259ee53fbdb5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6ec04862-5dc4-4b60-8348-fd82377d16e0","keyframes":{"transform":["translate3d(0px, 188.88892%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1589fa64-8ef0-4000-86f8-8da887c0d4a4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-35.82031241457685%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] A restricted battle that stays inside the Gaza Strip and doesn't extend outside of it

[{"selector":"#anim-fd2f6534-d4ec-4534-8679-8a7f4a22fc15","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-07aaf047-1bb3-46bb-812d-44019a48fe34","keyframes":{"transform":["translate3d(0px, 163.16869%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ceea2b61-0e2d-4d22-ba44-8632d0842149 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(63.989234834737175%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] lightly more expanded conflict that sees the involvement of Iran-backed militant groups in Lebanon and Syria

[{"selector":"#anim-7a3c7ffc-aed8-4804-b23f-6420657877c0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e49b7671-93f5-4937-b21c-8c13d6ac3c0a","keyframes":{"transform":["translate3d(0px, 130.43736%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The final scenario, which calls a full-scale war between regional powers between Iran and Israel and could compel the US to intervene, as well as the increased likelihood of involvement from China and Russia.