War fuels rising chorus of ‘recession’ warnings

KUWAIT CITY, April 5: As the fifth week of tension between the United States of America and Iran draws to a close, Economics Professor at Kuwait University Dr. Riyadh Al-Fares warned about the likelihood of a global economic recession triggered by the rapidly escalating geopolitical climate. In an interview with Kuwait TV, Al- Fares underscored the sensitivity of international markets to political rhetoric, indicating that administrative decisions and presidential statements can induce immediate shocks to energy and…