EBRD slashes growth forecasts on Iran war fallout
AI Summary
The European Bank for Reconstruction and Development has lowered its growth forecasts due to the fallout from war in Iran affecting energy costs and supply chains. Many developing markets, including Turkey, are expected to see slowed activity in 2024.
Growth is set to slow this year across many developing markets as soaring energy costs and supply chain disruptions caused by the Middle East war weigh on activity, the European Ba...
World Politics Markets Commodities Energy EBRD growth forecast Iran war energy costs supply chain disruption Turkey developing markets