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The geopolitical alibi: car manufacturers blame the Middle East, but the real crisis is domestic demand - Economic Scenarios
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The geopolitical alibi: car manufacturers blame the Middle East, but the real crisis is domestic demand - Economic Scenarios
The first effect of the escalating tensions between the United States and Iran was, as widely expected, a widespread and severe disruption of supply chains across the Middle East. The second effect, equally straightforward and predictable, materialized in a rapid energy price shock, which pushed gasoline and diesel prices at the pump to alarmingly high levels. The third effect, which analysts are only just beginning to measure, is the deteriorat…
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