Home›Global Markets›Trade & Tariffs›Global economy has less room to absorb energy shock

Global economy has less room to absorb energy shock

A broader set of risks is building even as some countries have already softened the impact of elevated energy prices tied to the war in Iran.

Reported · Written up by our desk · Trade & Tariffs

The New York Times reports that the global economy is facing tighter conditions, with countries having less capacity to absorb the lingering effects of the energy shock connected to the war in Iran.

According to the outlet, many nations were able to blunt some of the most painful impacts earlier on, but energy prices remain elevated.

The report also warns that risks are multiplying, implying that the situation could worsen even where the worst near-term damage has been contained.

More like this

Sources