One of macroeconomics’ worst-case scenarios could be coming for the global economy, according to Mohamed El-Erian.

Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growth

JEDDAH: As the US-backed conflict between Israel and Iran entered its fourth day, economists warned the fallout could spread well beyond the region, threatening higher inflation,…

The war is pushing up energy prices and rattling markets, which central banks can't neutralize with an interest-rate tweak.

One of macroeconomics’ worst-case scenarios could be coming for the global economy, according to Mohamed El-Erian.

"There are many stresses on our economy, and this could be the straw that breaks the camel’s back — a straw that becomes heavier the longer the war goes on."