Bearing the brunt of global disorder
The US-Iran war is hurting the global economy, with Pakistan being among the countries gravely affected due to a sharp rise in the cost of essential commodities it imports. The global fallout has damaged the world's economic order, with poor nations bearing the brunt of the disorder.
The US-Iran war is affecting the global economy, with no country spared. Pakistan is among those gravely hurt, paying a heavy price due to the sharp rise in the cost of essential commodities it imports. Gasoline, diesel, and cooking oil prices have increased, affecting the poor more than the relatively better off. Eswar Prasad, an international economist, notes that poor nations have always borne the brunt of global disorder. The global economy is likely to be significantly damaged when the war ends. The International Monetary Fund says all outcomes lead to higher prices and lower growth.
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