Iran war unlikely to trigger global supply chain crisis, Goldman Sachs says

Iran war unlikely to trigger global supply chain crisis, Goldman Sachs says

The war in Iran is pushing oil and gas prices higher, and while the world economy faces a shock from energy prices, an analysis by Goldman Sachs finds that the conflict is unlikely to lead to a broader supply chain crisis like what occurred due to the COVID-19 pandemic.Economists at Goldman Sachs found that the Iran war is expected to lead to higher oil prices that will reduce global economic growth by 0.3% of GDP while increasing headline infla…

Financial News Network - Iran war unlikely to trigger global supply chain crisis, Goldman Sachs says

Goldman Sachs analysis finds the Iran war will boost oil prices, increase inflation and reduce global GDP growth, but is unlikely to lead to a pandemic-style supply chain crisis.Read More …