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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Developments in the Middle East are disrupting companies to the highest level since the start of the

    Rocky
    Rocky
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    Developments in the Middle East are disrupting companies to the highest level since the start of the Empty Developments in the Middle East are disrupting companies to the highest level since the start of the

    Post by Rocky Sun 21 Apr 2024, 5:03 am

    Developments in the Middle East are disrupting companies to the highest level since the start of the Gaza war

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    Economy News - follow up
    The Oxford Economics research firm said that companies have expressed the highest level of concern about developments in the Middle East since the beginning of the war between Israel and Hamas on October 7.
    The institution added that two-thirds of the companies included in the latest global risk survey said in initial reactions that they believe that the Middle East has become a major threat to the global economy over the next two years.
    She added that this preliminary analysis is based on the first wave of responses to a global risks survey for the second quarter that included 73 companies in the period between the fifteenth and seventeenth of April, according to the Arab World News Agency (AWP).
    She added that the survey was conducted following a suspected Israeli attack on the Iranian consulate in Syria on April 1 and followed by the first direct Iranian drone and missile attack on Israel on April 13.
    The report stated that survey participants believe that geopolitical tensions represent the greatest risk to the global economy, whether in the short or medium term.
    He added that the Middle East clearly represents the main source of concern, noting that the percentage of companies describing developments in the region as a major risk to the global economy over the next two years has more than doubled over the past month to 67% in April from 31% in March. .
    However, the institution said that despite this, the significant improvement in corporate confidence over the past six months has not subsided significantly. While companies lowered their average global growth forecasts in 2025, the reduction since the beginning of the year has been relatively limited, amounting to about 0.2 percentage points.
    She added that the high risks of a possible recession had been contained, according to the survey. She said that companies currently see the probability of a global recession not exceeding 1 in 10 next year. The Foundation defines recession as growth of the gross domestic product at a weaker pace compared to the population.
    Oxford said that its survey usually includes a number of the largest companies in the world, which collectively employ about six million people and have total sales of about two trillion dollars.




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