Economists Gauge Hit From Mideast War as China Seen Among Losers
Plumes of smoke rise over the skyline following explosions in Tehran on March 1.
Photographer: Majid Saeedi/Getty Images
For the past year, economists have modeled the impact of US President Donald Trump’s trade wars. Now, it’s a real war they’re assessing.
The most immediate impact from the escalating Middle East conflict is through market reaction as investors take flight to safe havens such as gold, while stocks slump. That leaves smaller economies — especially those with scant foreign exchange reserves — vulnerable.