Central Banks
Iran War Leaves Global Economic Leaders Searching for Answers
Attendees on the banks of Lake Como during the Ambrosetti Forum in Cernobbio.
Photographer: Giulio Napolitano/BloombergThe Iran war is forcing soul-searching within the global economic elite on how to respond to a series of shocks that show no signs of abating.
Four weeks into the conflict, the disruption to energy supply is already severe enough that even an abrupt end to hostilities wouldn’t bring things back to how they were pre-crisis, said Richard Koo, chief economist at Nomura Research.