Australia's Economy Buffeted by Middle East War Impact
Treasurer Jim Chalmers warns of economic shocks from the Middle East conflict, with fuel and food price pressures mounting. Poll shows Australians want distance from US ties.
Category : Economy GDP
Fuel Tax Cuts Risk Worsening Shortages and Inflation, Economists Say
Economists caution that reducing Australia's fuel excise may exacerbate petrol shortages and fuel inflation, as calls for tax relief grow amid soaring diesel and petrol prices.
UK Inflation Steady at 3% Before Iran War Impact
UK inflation remained at 3% in February, but experts warn the Iran conflict could drive up energy and food costs, threatening a renewed price jump.
Fuel Crisis Hits Australians: Travel Delays, Budget Cuts
As petrol prices soar due to global oil market disruptions, Australians share how the fuel crisis is impacting their lives, from business struggles to healthcare access and event postponements.
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UK Inflation Steady at 3% as Oil Prices Swing on Iran War
UK inflation remained unchanged at 3% in February, but the Middle East conflict threatens to drive prices higher. Oil prices dipped after Trump's peace plan but rebounded on new attacks.
Oil Price Spike to $150 Could Trigger Global Recession
Financial markets tumble as Brent crude nears $114 amid Iran conflict, with BlackRock warning $150 oil could spark a severe global economic downturn.
Inflation Could Double, Rate Hike Debate Intensifies
Economists warn inflation may surge to 5% by autumn due to Middle East conflict, creating uncertainty over Bank of England interest rate decisions amid conflicting forecasts.
UK Inflation at 3% Before Iran War, Above Bank Target
Inflation remained at 3% in February, well above the Bank of England's 2% target, with services inflation easing slightly. The Middle East conflict has since driven energy prices higher, forcing revised forecasts.
UK Economy Faces 'Pronounced Recession' Amid Middle East Crisis
The UK economy, already fragile before the Middle East conflict, is now facing a severe contraction as business activity slumps and input prices soar. Analysts warn of a 'pronounced recession' with the government facing tough fiscal choices.
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BoE Economist Warns of Inflation Risks from Gulf Conflict
Bank of England chief economist Huw Pill warns that Middle East tensions pose upside risks to inflation, urging readiness to act for price stability amid economic uncertainty.
UK Firms Hit by Biggest Cost Rise in 44 Years from Iran War
British manufacturers experience the sharpest monthly cost increase since 1992 as the Middle East conflict disrupts supply chains and energy markets, according to S&P Global's latest PMI data.
Middle East War Stalls UK Economy, PMI Shows
Fresh PMI data reveals the Middle East conflict is stalling UK economic growth, with business output hitting a six-month low and inflation pressures accelerating sharply.
Middle East Conflict Puts Global Growth at Risk
Investec experts warn that escalating Middle East tensions could trigger $150 oil prices, entrenched inflation, and severe demand destruction, with markets underestimating prolonged disruption risks.
Iran War Could Hike UK Food Prices in Weeks, NFU Warns
The conflict in Iran threatens to disrupt global supply chains, pushing up costs for tomatoes, peppers, and cucumbers within weeks, with broader impacts on milk and meat expected soon.
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RBA Urged to Adopt Greater Caution Amid Economic Pressures
The Reserve Bank of Australia has raised interest rates again as living costs surge and geopolitical tensions persist. Economist Nicki Hutley suggests the RBA should heed its own advice for a more cautious approach.
Trump's Iran War Comments Create Economic 'Fog of War'
Economists warn Donald Trump's comments on Iran have created a 'fog of war' that could trigger global economic shockwaves, with oil prices soaring and inflation risks mounting as conflict persists.
Iran War's Global Economic Shockwaves: India to Japan
The US-Israeli war on Iran has triggered global economic disruptions, affecting restaurants in India, tourism in Thailand, and fuel supplies in Sri Lanka, with far-reaching impacts on food and energy.
Iran War Fallout: Recession Risk for Australia?
Barrie Cassidy and Tony Barry analyze the fuel crisis and economic impacts of Trump's Iran war, including public blame on the Albanese government and political tensions.
UK Growth Forecast Slashed in Half Due to War and Energy Shock
Oxford Economics cuts UK growth forecast to 0.4% as Middle East conflict drives energy price surge, threatening recession and higher household bills.
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Bank of England to Hike Rates Twice, JP Morgan Predicts
JP Morgan forecasts the Bank of England will raise interest rates at least twice this year, starting in April, amid inflation concerns and market volatility.
Fed Holds Rates Amid Iran War Oil Shock and Trump Pressure
The Federal Reserve kept interest rates unchanged, resisting pressure from Donald Trump as policymakers grapple with soaring oil prices from the Iran war and a weakening US jobs market.
BoE Holds Rates at 3.75% as Iran War Fuels Inflation Worries
The Bank of England maintains interest rates at 3.75% while warning that the Iran conflict could push inflation higher, impacting households and businesses.
WTO: High Oil Prices Could Stifle AI Boom
The World Trade Organization warns that prolonged high oil prices from the Middle East conflict could 'crimp' the energy-intensive AI boom, threatening global trade growth and food security.
£400M Spending Boost Predicted from 2026 Sports Success
Novuna Finance's scenario analysis reveals that a successful British summer of sport in 2026 could generate up to £400 million in consumer spending, driven by major matches and medal moments.
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Fed Predicts Inflation Rise from Iran War Oil Price Surge
The US central bank has raised its inflation forecast as the Iran conflict causes global energy prices to spike, with oil up 50% this month and US gasoline prices rising 28%.
US Households Face Financial Pressures from Rising Costs
Rising fuel prices, stock market volatility, and global instability are creating new financial pressures for US households. Share how you're adapting to these economic challenges.
Oil Price Shocks: Government Response Matters Most
Oil price volatility has historically caused economic disruptions, but the real risk lies in misguided government and wage responses that can trigger inflation spirals, as seen in past crises.
Adam Smith 'Invisible Hand' Debate Reignites in Letters
Readers respond to editorial about Adam Smith's 'invisible hand' concept, debating its original meaning versus modern political interpretations in economics.
RBA's Split Rate Hike Decision Sparks Inflation Debate
The Reserve Bank of Australia's controversial interest rate increase reveals deep divisions within the board, with Governor Michele Bullock dismissing petrol prices as a factor while economists question the timing.
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NZ Economic Recovery Threatened by Middle East War
New Zealand's fragile economic recovery, poised to surpass Australia's growth, is now at risk from the US-Israel war on Iran, which could disrupt global trade and energy markets.
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