Goldman Sachs says the Israel-Hamas war could have major implications for Europe's economy
Publishing timestamp: 2023-11-03 09:32:46
Summary
Goldman Sachs warns that the Israel-Hamas war could have significant economic impacts on European economies, including lower regional trade, tighter financial conditions, higher energy prices, and lower consumer confidence. However, the exposure of European countries to the conflict is limited, and policy responses could help mitigate the effects. The article also mentions the potential risk to central bank efforts to rein in inflation and the impact on general consumer confidence.
Sentiment: MIXED
Keywords: business news, economy, israel, breaking news: economy, oil and gas, prices, goldman sachs group inc, breaking news: investing, goldman sachs bdc inc, banks, wall street, energy, investment strategy,