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Goldman cuts U.S. economic outlook over the Iran war - and the fear goes beyond oil
Things aren't looking so great on the economic front 12 days into the U.S.-Israeli attack on Iran. Not only did oil prices again touch triple-digit levels, there are worries about supplies of everything from fertilizer to helium, important not just for party balloons, but semiconductor production. Goldman Sachs economists Manuel Abecasis and David Mericle in a new research note looked at the economic implications of the Iran war on the U.S. economy. And, to be clear, the main risk really is oil. "The main transmission channel from the war with Iran to the U.S. economy is the price of oil," they said. Goldman's ... (full story)
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