How the War in Iran Is Transforming the Global Economy
News Source : The New Yorker
News Summary
- The Organization for Economic Cooperation and Development estimated that, even if the United States and Iran soon reach a permanent ceasefire agreement, worldwide economic growth will continue to suffer.
- Peter Harrell is a non-resident fellow at the Carnegie Endowment for International Peace and an expert in trade and economic policy.
- Harrell: Trump has been able to convince markets that a peace deal is imminent, how much worse things could get without a quick deal, and the places around the world where the war has caused the most damage.
Certainly, in the West, you can see that the reserves have fallen off a cliff, and are at their lowest level in years.
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