Economist Manoranjan Sharma believes that the situation in the Middle East is evolving and could potentially escalate if the Israel-Palestinian conflict spills over to Iran and if China gets involved. This adds to the existing challenges of inflation and the ongoing Russia-Ukraine war. Sharma questions whether central banks will need to raise interest rates to control inflation, potentially affecting growth. He also highlights the impact of rising crude oil prices due to tensions in Russia and the Middle East, which could negatively impact investors and certain sectors.
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