Nobel economist Aghion says no repeat 2008 financial crisis; France to host G7 finance meeting on Mideast

Nobel economist Aghion says no repeat 2008 financial crisis; France to host G7 finance meeting on Mideast

Paris, France (AFP) Mar 9, 2026 The war in the Middle East is unlikely to trigger a collapse of the world economy on the scale of the 2008 global financial crisis, Nobel prize-winning economist Philippe Aghion said Monday. "If the war lasts longer than several weeks, if the price of oil shoots higher than $150 per barrel and we see inflation picks up a lot, then well see a situation similar to the 1973 oil shock," Aghion s