If the war spreads we will witness economic stagnation in the world! Bloomberg economists warn that if the direct war between Iran and Israel expands, it can increase inflation and plunge the world economy to record highs.
In these forecasts, several Bloomberg economists examined the Iran-Israel war and its consequences for the world from different angles. According to Economics, they warned that if the war spreads and more countries get involved, the world economy will be disrupted, which is very dangerous.
They drew a picture of the war in West Asia, how it will affect the world economy. Ziad Dawood, one of the economists, says that the increase in oil prices and the decrease in risk assets will have a big impact on the world economy. They emphasized that more severe tensions It can involve Israel directly with Iran, which America has already introduced as terrorism.
In this scenario, Bloomberg analysts speculate that the price of a barrel of oil can reach 150 dollars and global growth will decrease to 1.7%. They predict that if the war spreads, we will see economic stagnation in the world, which will be the consequences of weakness.It shows the economy in the world.
Bloomberg analysts followed three other scenarios, in the first scenario hostilities are mostly in the Gaza Strip and Israel, the second scenario is the spread of the war to neighboring countries, Lebanon, Syria, etc. The third scenario is a direct war between Iran and Israel, which has an important impact on the economy and inflation in the region and the world.
They confirm that the increased inflation due to the increase in tensions between Iran and Israel can further ignite the inflation, just like the war in Ukraine and Russia, this can affect the price of gasoline in the United States, which will be a key point for the public to participate in the upcoming American elections.How do you analyze? Can we expect these consequences if the war spreads?
