According to the report "Perspective of Leading Global Economists," published by the World Economic Forum (WEF) on May 28, the conflict in the Middle East and the disruption of maritime traffic in the Strait of Hormuz are deepening concerns about a major shock to the global economy.
The report states that nearly 90% of the leading economists surveyed predict that global economic growth will slow in the next 12 months. They believe that disruptions to maritime traffic in the Strait of Hormuz will have a more significant impact than last year's trade policies. If these transportation difficulties persist into the second half of this year, their impact on global supply chains and energy and food prices will be amplified.
The conflict in the Middle East and disruptions to maritime traffic through the Strait of Hormuz are increasing concerns about a more serious shock to the global economy. This is according to a report titled "Perspective of Leading Global Economists," published by the World Economic Forum (WEF) on May 28.
According to the report, nearly 90 percent of the leading economists surveyed expect global economic growth to slow in the next 12 months. They cite disruptions to maritime traffic in the Strait of Hormuz as one of the main risk factors, as it is a critical transportation route for global trade and energy supplies.
The economists in the report warn that the impact of problems in this region could be more significant than the consequences of last year's trade policies. If the difficulties in maritime traffic persist into the second half of this year, they could further strain global supply chains and be reflected in the prices of energy and food.
The report also warns of rising inflationary pressures. According to the survey, 94 percent of the economists surveyed expect global inflation to rise next year. Therefore, according to the World Economic Forum, developments in the Middle East do not only represent a regional security issue, but also a significant risk to the stability of the global economy.
gnews.cz/CMG Translation: legacy (English)
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