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Australia Risks Sharp Recession in Prolonged Iran War
Bloomberg Television· 2026-04-07 05:21
President Trump is insisting that the opening of the Strait of Hormuz be part of any Iran peace deal as he escalates threats to destroy key infrastructure if his terms aren't met before a Tuesday deadline. Our next guest says a prolonged war scenario would send Australia's economy into a sharp recession. Excluding the pandemic, this would be the sharpest quarterly fall since the early 1990s.Let's get to Harry McAuley, Australia economist at Oxford Economics. Harry, important to emphasize, I think this is am ...