Gulf war threatens GDP
Qatar's Minister of State for Energy and CEO of QatarEnergy, Saad al-Kaabi, told the Financial Times that further escalation of the conflict in the Middle East, including war with Iran, could lead to the collapse of economies worldwide. He said that if the war continues for several more weeks, global GDP growth will sharply decline: advanced energy prices will rise, product shortages will emerge, and a chain reaction will cause supply disruptions from factories.
Context
QatarEnergy is Qatar's largest oil company and one of the world's largest gas exporters.
Summary:
Saad Al-Kaabi warned that the ongoing war in the Middle East could halt global GDP growth and cause an energy shortage.
- Category: World
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- Source: https://t.me/newsby_btrc/189515
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