ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN DR. SKOSPLES' NATIONAL INCOME AND BUSINESS CYCLES COURSE AT OHIO WESLEYAN UNIVERSITY
Higher prices for fossil fuels and the knock‑on effects on food and transportation costs are also straining household budgets and corporate margins, making it harder for central banks to balance inflation and growth concerns. This could lead to slower global economic expansion as countries deal with costlier inputs and weaker trade performance.
It is crazy to me how much of the world relies on the middle east for oil. It makes me wonder if the War on Terror had similar economic effects as this Iran operation. And did those effects last thought the entire 20 deployment? It would be interesting to compare that war to this operation. That could help us predict the economic impact of this current operation (although as I'm writing this Trump just announced Iran agreed to stop nuclear development so we will see how much linger this conflict lasts...).
ReplyDeleteWhat countries do you think could be affects positively or negatively form this reduction of expansion? What countries currencies do you think could stregthen or weaken during this time?
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