Inflation Advances from Hormuz and Trade
The article discusses the recent escalation of global economic risks due to oil prices exceeding $100 per barrel. This development has coincided with the United States imposing new tariffs ranging from 10% to 12.5% on imports from 60 economies, as part of an effort to re-establish tariff policies after removing some earlier ones. These factors, along with disturbances in the Middle East resulting from the war and its impact on transportation routes and energy supplies, have led to increased costs for fuel, transportation, electricity, and food. Inflation continues to rise, while economic growth slows down. Bond and stock markets have experienced declines, and forecasts warn of the possibility that inflation may remain high, with risks of stagflation emerging—especially for larger Asian economies that depend heavily on oil and gas exports, which are significantly affected by rising prices and new policies.
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