US EditionTrump Is Holding the World Hostage
Central banks worldwide reassess monetary policies amid surging oil prices and inflation risks as US-Iran conflict complicates rate outlooks, with a 90% chance of Fed cuts in 2026.
5 Articles
5 Articles
Global recession 'inevitable' if this war drags on, warns leading Irish economist
A global recession is ‘almost inevitable’ if the war on Iran should drag on, a leading Irish economist has warned. Like the cost-of-living spike caused by Russia’s invasion of Ukraine in 2022, soaring energy prices will drive general inflation and prevent European Central Bank (ECB)interest rates from coming down. Tom McDonnell, co-director of the Nevin Economic Research Institute, said the duration of the conflict ‘really matters here’. He told…
Central banks from Washington to London and Jakarta are preparing to announce their first estimates of the economic impact of the more than two weeks of armed conflict between the United States and Iran: the decisions to be taken next week by all members of the G-7 and eight of the ten countries in the world whose currencies are most traded are likely to confirm to investors that the threat of a new inflation shock is already serious enough to i…
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