West Asia conflict a stagflationary shock; world economy not ready for a long war: Bank of America
- Posted on May 29, 2026
- By Business News Today
- 0 Views
- 1 min read
West Asia conflict a stagflationary shock; world economy not ready for a long war: Bank of America
The West Asia conflict has triggered a stagflationary shock, impacting global growth and inflation. Bank of America forecasts a lower global growth projection, with disruptions in the Strait of Hormuz being a critical factor. Oil prices are expected to remain elevated, impacting energy importers, while central banks face difficult decisions.
