EBRD Warns U.S.-Iran Conflict Threatens Economic Growth
EBRD President Renaud-Basso says the U.S.-Iran war threatens growth. While fallout is limited, the Strait of Hormuz closure and Lebanon's crisis pose risks.
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The escalating conflict between the United States and Iran represents a significant threat to global economic growth, according to Odile Renaud-Basso, the president of the European Bank for Reconstruction and Development (EBRD). Speaking in an interview in Istanbul on Thursday, Renaud-Basso noted that while the fallout has been largely contained thus far, the ultimate impact will depend heavily on the duration of the hostilities.
For the time being, it is limited, and the risk is on the downside.
