30
Mar
Energy prices, supply chains, and financial markets are the main transmission channels, but the regional effects will vary significantly.
The world faces yet another shock. The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises.
The shock is global, yet asymmetric. Energy importers are more exposed than exporters, poorer countries more than richer...