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How the ‘double scar’ of past inflation woes and geopolitical shocks amid the Iran war is hitting consumers
Research indicates that past inflation concerns and geopolitical shocks from the Iran war are creating mental 'scars' that amplify fears of stagflation, characterized by simultaneous price increases and economic slowdown.
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Adjacent reporting
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- Consumer sentiment hits fresh record low in May as Iran war fuels inflation worries
- Food inflation hammers households in war-hit Iran
- Mortgage misery for millions: Borrowers face up to SIX interest rate hikes as Iran war triggers inflation shock
- Bank of Japan squeezed by Takaichi, Trump and Iran war inflation
- Iran war shakes Global economy as energy costs surge and recession fears grow