The annual Davos in the Desert conference is being held in Saudi Arabia, with top bank executives and investors expressing pessimism about the global economy’s trajectory. Ongoing Middle East conflicts ranked among their chief concerns. BlackRock’s Larry Fink stated that war breeds societal despair, which leads to “contractions in economies.”
Yahoo Finance’s Seana Smith and Brad Smith delve into the dismay surrounding the global economy, discussing issues like oil cuts in Saudi Arabia and Russia, along with worries about geopolitical tensions.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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