Iran war unlikely to trigger global supply chain crisis, Goldman Sachs says

The war in Iran is pushing oil and gas prices higher, and while the world economy faces a shock from energy prices, an analysis by Goldman Sachs finds that the conflict is unlikely to lead to a broader supply chain crisis like what occurred due to the COVID-19 pandemic.Economists at Goldman Sachs found that the Iran war is expected to lead to higher oil prices that will reduce global economic growth by 0.3% of GDP while increasing headline inflation by about 0.5 to 0.6 percentage points over the next year, with a smaller 0.1 to 0.2 percentage point boost to core inflation.The report noted that...

5 days ago

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