Charting the Global Economy: Extensive Growth Toll From Iran War
Damage from the military operation on a residential building during the United States-Israeli military campaign, in Tehran, on March 27.
Photographer: Morteza Nikoubazl/NurPhoto/Getty Images
Sentiment among the world’s service providers and manufacturers took a synchronized step down during the first month of the Iran war, with business surveys growing pessimistic about economic growth as oil prices surge.
Purchasing manager surveys from Australia to India to Europe and the US offered an initial snapshot of the reverberations of the conflict that has taken an immediate and crushing toll on energy supplies crucial to the functioning of some of the world’s biggest economies.