Who bears the economic burden of Iran conflict? #CGTN
Who bears the economic burden of Iran conflict?
The International Monetary Fund has downgraded its global growth outlook, warning that the US and Israeli war on Iran threatens to increase inflation and could lead to a global recession. For many developing economies, especially in the Global South, the situation is even more urgent with higher energy costs, weaker currencies, and less capacity to respond to the crisis. So, how severe is the economic fallout from the conflict? Are we facing a temporary shock or just the start of a more structural change in the global economy? And what does that mean for our daily lives?
Guests on this episode of Dialogue include Prof. John Gong from the University of International Business & Economics, Cornelia Meyer, a macroeconomist and oil and gas specialist, and Daniil Manaenkov, the US forecast lead from the research seminar in Quantitative Economics at the University of Michigan.
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