“The Iran war is metastasising into a global economic calamity.” This was the view of the Financial Times’ editorial board from their London perch on March 20. Six days later, the less excitable souls at the OECD in Paris declared that they were not changing their forecast for global GDP in 2026. The economists in one of the world’s leading forecasting organisations see whatever negative effect on the world’s economic output from the turmoil in the Middle East as being offset by stronger global investment in AI. The gap between the worlds of journalism and economics on the effects of war…

Want to continue reading?

Unlock full access to The Currency and The Wall Street Journal with an Annual membership and receive a free Samsonite suitcase – worth €235 delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .