The Iran war dilemma for central bankers
What happened after the pandemic is an imperfect guide for the latest shock
What happened after the pandemic is an imperfect guide for the latest shock

An assessment almost six weeks into the latest global economic crisis

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

Sometimes crises do not blow over as investors might hope

The war is currently more likely to escalate than to be resolved by negotiation

Tehran has a strong incentive to keep the conflict going

Bank sees risks of surge in government borrowing costs and of hit to ‘rich’ asset prices