Iran shock will lock in the downturn we have to have
Asia / Iran1 views1 min
HSBC economist Paul Bloxham predicts that the conflict in Iran will lead to a downturn in GDP growth due to higher petrol prices and interest rates. The extent of the downturn depends on future oil prices, according to Bloxham.
HSBC economist Paul Bloxham expects a downturn in GDP growth. This is due to higher petrol prices and interest rates. The conflict in Iran is a key factor. Oil prices will determine the extent of the downturn. Bloxham's prediction is based on the impact of these factors on households and the economy.
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