US EditionBBC World Service - Newshour, Blockade of Hormuz Is Strangling Global Economy, UN Chief Says
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8 Articles
UN chief warns Hormuz closure ‘strangling’ global economy
UNITED NATIONS: The escalating crisis in the Strait of Hormuz could push tens of millions into poverty, trigger a surge in global hunger and even tip the world toward recession, United Nations Secretary General Antonio Guterres warned on Thursday. The closure of the vital waterway is “strangling the global economy,” the secretary general said in remarks to the press. Guterres decried the restrictions on free passage through the strait, a crucial…
BBC World Service - Newshour, Blockade of Hormuz is strangling global economy, UN chief says
The UN Secretary General, Antonio Guterres, has said the closure of the Strait of Hormuz is strangling the global economy. He said that even if the restrictions were lifted immediately, supply chains would take months to recover. We ask what options the US has now and what it's likely to cost. Also in the programme; two coins dating from the reign of English King Ethelred, known as the Unready for his failure to defend his country against the V…
The Secretary-General of the United Nations, António Guterres, warned that the prolongation of the crisis in the Middle East and restrictions in the Strait of Ormuz could push the world economy into a recession, with lower global growth, higher inflation and a strong impact on international trade.
Secretary-General António Guterres states that the severe effects of shipping restrictions will impact the entire world; economic growth is expected to fall from 3.4% to 3.1%; global inflation will resume its upward trend, reaching 4.4% in the most optimistic scenario. Source of original article: United Nations / Nações Unidas (news.un.org). Photo credit: UN. The content of this article does […]
António Guterres warned this Thursday about the serious global impacts of the U.S. strait closure, demanding free navigation.
The head of the UN, António Guterres , warned on Thursday about the worsening economic consequences of the closure of the Strait of Ormuz due to the U.S. war against Iran. The closure of this vital maritime road is "strangling the world economy," warned the Secretary General in statements to the press. Iran refuses to yield on the Strait of Ormuz Although restrictions would be lifted today, "the supply chains will take months to recover, prolong…
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