Iran War Costs to Dominate Global Economic Talks

Top central bankers and economists will meet in Washington this week. Their urgent task is to measure the economic damage from the war in the Middle East. The conflict, centered on Iran, is disrupting global trade and energy supplies. This has caused new inflation pressures worldwide. Policymakers now fear these issues could stall or reverse recent economic progress. The meetings will focus on the "spillover" effects of the war. This economic term refers to how problems in one region spread globally. Key concerns are higher oil prices and shipping disruptions. The new risks darken the global economic outlook. Leaders must balance fighting inflation with supporting growth, a difficult challenge made harder by war. Their assessment will guide future interest rate and policy decisions.