Shockwave of war is rippling through the global economy
The global economy’s first collective health check since war broke out in the Middle East will arrive in the form of business surveys from the U.S. to the euro zone. Every purchasing manager index checked for this article is anticipated to show a decline when initial numbers for March are released on Tuesday, according to the median forecast of economists. Their outlooks point to a synchronized weakening across both manufacturing and services. Such results will offer an initial glimpse of the cumulative economic damage already racked up, three weeks after the U.S. and Israel attacked Iran.
