Brief by Shorts91 Newsdesk / 10:47am on 19 Mar 2026,Thursday International
The ongoing Middle East conflict could push the world towards a recession if it continues for four more weeks, Axis Bank economist Neelkanth Mishra said. He noted that about 7% of global energy supply is already disrupted. “If this lasts more than four weeks… there will be the risk of a significant global recession,” he said. Mishra added that even a 4–5% supply shock can put similar share of global GDP at risk. Markets have not reacted sharply yet due to existing inventories. But he warned supply chains may worsen soon, with impacts already seen in sectors like real estate, auto and textiles. (PC: India Today)
