Germany: Escalation in the Middle East will expose global economy to great risks

German Finance Minister Christian Lindner said on Thursday that the escalation in the Middle East will expose the global economy to great risks.

According to Reuters, Lindner said in a panel discussion with German Central Bank President Joachim Nagel in Washington, DC, “There are many possibilities that the escalation in the Middle East will threaten global economic developments… especially since trade flows have been affected.”

On Wednesday, G7 finance ministers condemned an Iranian attack on Israel.