Global business may slip into prolonged recession due to Middle East conflict: Investor
Washington, April 26 (Sputnik/UNI) The Middle East conflict may push businesses around the world into a prolonged recession, Kyle Shostak, the director of the Navigator Principal Investors company, told RIA Novosti."The major problem for the business is seeing itself, across different industries, slide into a prolonged economic recession. The more the conflict continues, the more painful it will feel for the businesses," Shostak said.He pointed out that companies from emerging markets in Asia and Africa would face significant challenges.The investor explained that the companies have little space to mitigate risk. They can try to diversify their energy supplies, customer base, and sources of capital, he said."However, that's easier said than...
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