Global outlook darkens
Kia ora.
Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
Today we lead with news the US President has made ever more threats against Iran, now saying the US will blockade the Straits of Hormuz against friend and foe. The main losers will be the Gulf States that supported him. Iran probably foresees another TACO playing out. It is all very juvenile. But it does mean disruption will continue. And that inflation will stay higher for longer.
But first…
The skinny
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