Global economic Outlook darkens
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Trump, Strait of Hormuz and Global economy
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Washington once enjoyed a near monopoly over this type of economic warfare, but now American consumers and companies are starting to feel the pain.
The effects of the war in Iran are squeezing consumers, businesses and governments around the world, raising the prices of many essential goods.
Once the world’s richest nation, the U.K. now lags behind the vast majority of U.S. states in per capita wealth. A structural crisis compounded by global conflict.
The global economy is better positioned than in the past to absorb an oil shock, even if a prolonged disruption to supplies through the Strait of Hormuz drives prices toward US$100 a barrel, Citi said on Monday,
The most immediate impact of the war on the global economy has been a sharp shortage of distillate fuels, particularly gasoil and jet fuel. This disruption comes at a time of seasonally high demand, driven by agricultural planting and the approach of peak holiday travel, when air traffic typically rises.
It’s hard to navigate every twist and turn of the $90 trillion global economy. To help you, Bloomberg created this real-time dashboard of key economic indicators from every corner of the world. Selected by our economics team and updated when new data are released,