Stagflation risks stacking up as Iran war enters third month
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The global economy faces a toxic mix of slowing growth and high inflation
Original article
The Globe and Mail
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountFinancial markets are finding it harder to look past the rising economic costs of the Iran war as the continued closure of the Strait of Hormuz prolongs the world’s biggest-ever disruption to energy supplies.Two months into the conflict, the global economy faces a toxic mix of slowing growth and high inflation - stagflation.Even as tech stocks lift world shares, analysts warn that the longer Hormuz remains shut, the greater the recession risk for energy-importing regions.
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