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How the Israel-Hamas war will impact the world economy

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Israeli soldiers on deployment near Israel's border with Lebanon, in northern Israel, on Oct 31.

Israeli soldiers near Israel's border with Lebanon, in northern Israel, on Oct 31.

PHOTO: REUTERS

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The war between Israel and Hamas is generating a humanitarian disaster in the Middle East, although its impact on the world economy remains modest.

Matters could change, however, if the war morphs into a broader regional confrontation.

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