Recorded April 9, 2026 - in this episode, NDR's Chief Economist Alejandra Grindal discusses the impact of the U.S.-Iran conflict on global economies. Alejandra notes that a a prolonged conflict could raise oil prices enough to slow growth and increase inflation, creating stagflationary risk. Within the U.S., consumers, especially lower income households, are mostly likely to feel the impact. Economies dependent on outsiders for their energy needs, like Europe and Japan, are more sensitive to oil price shocks compared to the U.S. China is likely to feel the impact of the war through global trade. Deterioration in global activity associated with the surge in oil prices could dampen demand for Chinese exports.
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