Global Inflation Expected to Pick Up From Iran War, Survey Shows

Inflation around the world is expected to pick up due to the war with Iran, while growth prospects remain largely unaffected for now, according to a global survey of economists by Bloomberg News.

Half of respondents see somewhat quicker inflation in the eurozone, while a similar share predicts that outcome for the US, according to the survey conducted Monday. Nearly 40% expect such a result in China, which is defined by a 0.3 to 0.9 percentage-point acceleration in consumer price growth from prior expectations.