How Much Will the Iran Conflict Hurt the Global Economy?

How Much Will the Iran Conflict Hurt the Global Economy?

The closure of the Strait of Hormuz is like a ticking time bomb for the global economy, disrupting the flow of energy and rippling through industries from agriculture to semiconductors. How bad could it get? The International Monetary Fund has cut its forecast for global growth this year from 3.4 percent to 3.1 percent in the best-case scenario and 2 percent in the worst case. What countries will be the most affected, and what can they do to protect themselves? Gita Gopinath, an economics professor at Harvard University who was formerly the first deputy managing director of the IMF, joins FP Live to discuss. IMF’s World Economic Outlook: Global Economy in the Shadow of War Ravi Agrawal: The World Is Paying the Price for America’s War Keith Johnson: Why Iran Isn’t Blinking Yet Jason Bordoff and Spencer Dale: Making the U.S. More Resilient to Oil Price Shocks Esfandyar Batmanghelidj: The Iran War Is Jeopardizing the Entire Global Economy Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(223)

Is Trump Really Planning to Invade Cuba?

Is Trump Really Planning to Invade Cuba?

After the United States ousted Venezuela’s Nicolás Maduro in January and then took out Iran’s senior leadership in the following months, U.S. President Donald Trump set his sights on Cuba, claiming th...

1 Jul 40min

The Geopolitics of SpaceX and Elon Musk

The Geopolitics of SpaceX and Elon Musk

SpaceX’s initial public offering broke records as the largest ever and one that (briefly) made Elon Musk the first trillionaire. But just how much power should one person or one company have in space?...

26 Jun 44min

Deciphering the U.S.-Iran Deal

Deciphering the U.S.-Iran Deal

The United States and Iran have struck a memorandum of understanding to end the war that began in February. Will the deal last? And what does it mean for the United States, the Middle East, and the wo...

24 Jun 39min

Is the U.S.-Israel Special Relationship Over?

Is the U.S.-Israel Special Relationship Over?

U.S. public opinion is undergoing a dramatic shift, with more and more Americans calling for less military support to Israel. So, is the “special relationship” between the two countries over? Accordin...

17 Jun 39min

The Geopolitics of the World Cup

The Geopolitics of the World Cup

This week, the largest-ever World Cup will commence. Across the three host countries—Canada, Mexico, and the United States—48 teams will play 104 matches in 16 cities. But it also comes amid a particu...

10 Jun 38min

How to End the Iran War

How to End the Iran War

What would it take to end the Iran war? What exit strategies are still available to the United States? Robert Malley, a former lead negotiator of the 2015 Iran nuclear deal and the Biden administratio...

5 Jun 42min

How to Survive a Chaotic World

How to Survive a Chaotic World

If the rules-based order is broken, what comes next? And who will lead it? Mark Leonard argues in his new book, Surviving Chaos: Geopolitics When the Rules Fail, that the coming system will be “un-ord...

27 Mai 41min

Trump, Xi, and a New Balance of Power

Trump, Xi, and a New Balance of Power

U.S. President Donald Trump arrived in Beijing for his meeting with Chinese President Xi Jinping to great fanfare but left with little to show for it. What does the Trump-Xi summit reveal about the ba...

19 Mai 48min

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