WTO chief warns of ‘really big impact’ on trade if Israel-Hamas conflict widens

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World Trade Organization chief Ngozi Okonjo-Iweala said she hoped the Israel-Hamas conflict could be ended quickly, warning it would have a “really big impact” on already weak global trade flows if it widened throughout the region. Okonjo-Iweala, in Morocco for this week’s annual meetings of the International Monetary Fund and World Bank, said Middle East violence could add to factors throttling trade growth, including higher interest rates, a strained Chinese property market and Russia’s war in Ukraine. “We hope this ends soon and it’s contained. Our biggest fear is if it widens, because that will then have a really big...