The Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan
Economic crises are rippling through the countries bordering Israel WASHINGTON -- Economic crises are rippling through the countries bordering Israel, raising the possibility of a chain reaction from the war with Hamas that further worsens the financial health and political stability of Egypt, Jordan and Lebanon and creates problems well beyond. Each of the three countries is up against differing economic pressures that led the International Monetary Fund to warn in a September report that they could lose their "sociopolitical stability." That warning came shortly before Hamas attacked Israel on Oct. 7, triggering a war that could easily cause economic chaos that President Joe Biden and the European Union would likely need to address. The possible fallout is now starting to be recognized by world leaders and policy analysts. For a Biden administration committed to stopping the Israel-Hamas war from widening, the co NFL ict could amplify the economic strains and possibly cause...