New forecasts lay out 2 rocky paths for global economy

The global economic outlook hinges on the outcome of the Iran war, with predictions of either a modest slowdown or a severe downturn leading to potential recessions if the conflict persists. This situation underscores how a single geopolitical event can dramatically shift economic trajectories, leading to slower growth and heightened inflation worldwide. The severity of the economic damage will depend on the duration and impact of the war, highlighting the vulnerability of global supply chains to such disruptions.