Prolonged Iran war threatens to magnify economic pain, BIS warns
Bank sees risks of surge in government borrowing costs and of hit to ‘rich’ asset prices
Bank sees risks of surge in government borrowing costs and of hit to ‘rich’ asset prices

Conflict will intensify the mounting global debt and inflation risks

Tehran has a strong incentive to keep the conflict going

IMF/World Bank spring meetings hear warnings that some developing countries may require additional lending

There are lasting lessons about energy resilience to be learnt from this conflict

Wave of inflation will persist as higher fuel prices feed through into businesses

Central bankers and economists prepare to meet in Washington to assess conflict’s damage