What a US-Iran War Could Mean for the Economy
Share
[aggregation-styles]
Yahoo! Finance
Yahoo! Finance
An escalation of hostilities after a U.S. airstrike killed a top Iranian military commander could send shockwaves through the global economy, according to analysts.
“The assassination of Qassem Soleimani, a major figure in the Iranian regime, in a U.S. airstrike last night has significantly raised the chances of an outright conflict between the U.S. and Iran,” Jason Tuvey, senior emerging markets economist for Capital Economics, wrote in a note Friday.
“Our central scenario is that the global economy will bottom out in the early part of this year and recover thereafter,” he added. “But the outbreak of war between the U.S. and Iran would put the recovery on ice.”
Qassem Soleimani, head of Iran’s Islamic Revolution Guard Corps’ Quds Force, was killed by an airstrike in Baghdad ordered by President Donald Trump, the Department of Defense said in a statement Thursday. The Defense Department said that Soleimani was actively planning to attack American personnel in the region.
Read More →
“The assassination of Qassem Soleimani, a major figure in the Iranian regime, in a U.S. airstrike last night has significantly raised the chances of an outright conflict between the U.S. and Iran,” Jason Tuvey, senior emerging markets economist for Capital Economics, wrote in a note Friday.
“Our central scenario is that the global economy will bottom out in the early part of this year and recover thereafter,” he added. “But the outbreak of war between the U.S. and Iran would put the recovery on ice.”
Qassem Soleimani, head of Iran’s Islamic Revolution Guard Corps’ Quds Force, was killed by an airstrike in Baghdad ordered by President Donald Trump, the Department of Defense said in a statement Thursday. The Defense Department said that Soleimani was actively planning to attack American personnel in the region.
Read More →
By Emily McCormick | 3 Jan 2020
RELATED TOPICS:
Top Brazilian Judge Orders Suspension of X Platform in Brazil Amid Feud With Musk
Politics /
22 hours ago
How a Real Estate Boom Drove Political Corruption in Los Angeles
Crime /
24 hours ago
Palestinian TikTok Star Who Shared Details of Gaza Life Under Siege Is Killed by Israeli Airstrike
World /
1 day ago
Visalia Rawhide and City Agree on Terms to Upgrade Stadium
Sports /
1 day ago
Latest
Videos
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/03/16183042/Eagles-vs-49ers.jpg)
Sports /
9 hours ago
Bettors Banking on Eagles Resurgence, Cowboys Regression as NFL Season Begins
![A black poodle's face with his tongue sticking out](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/08/29135336/Rescued-from-an-abandoned-home-after-weeks-of-fending-for-himself-Adam-a-shy-but-sweet-poodle-mix-is-now-seeking-a-loving-forever-home.-Mells-Mutts-1024x538.jpg)
Animals /
10 hours ago
Abandoned Poodle Mix Adam Survives the Wild and Seeks a Forever Home
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/08/30180712/AP24242759968532-1024x576.jpg)
Politics /
22 hours ago
Top Brazilian Judge Orders Suspension of X Platform in Brazil Amid Feud With Musk
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/08/30151423/shutterstock_1654933633-copy-1024x576.jpg)
Crime /
24 hours ago
How a Real Estate Boom Drove Political Corruption in Los Angeles
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/08/28091346/082824-Lede-1024x576.jpg)
Housing /
3 days ago