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According to the report "Perspectives of Leading Global Economists," published by the World Economic Forum (WEF) on May 28th, the conflict in the Middle East and the disruption of maritime traffic in the Strait of Hormuz are deepening concerns about a major shock to the global economy.

The report states that nearly 90% of the leading economists surveyed predict a slowdown in global economic growth in the next 12 months. They believe that disruptions to maritime traffic in the Strait of Hormuz will have a significantly worse impact than last year's trade policies. If transportation problems persist into the second half of this year, their impact on global supply chains, as well as on energy and food prices, will be amplified. 94% of the economists surveyed expect global inflation to rise in the coming year.

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