The Impacts Of The War On Europe & India

For Europe, the energy supply shock resulting from the war in Iran makes a deteriorating industrial production outlook even worse. William reports that the risk to output may even be greater than what Europe endured in 2022, when Russia invaded Ukraine. … Also: Even before the war, the Indian economy faced formidable challenges, dimming the outlook for the rupee, Asia’s worst-performing currency last year. Yet the ruling party was confident that 2026 would be the year it finally made headway on needed economic reforms. Now surging oil prices are exacerbating the economy’s challenges and upending the government’s plans.