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| Name | Global economy braces for energy shock from Middle East escalation | The Business |
| Video Uploader | Video From ABC News (Australia) |
| Upload Date | This Video Uploaded At 15-04-2024 06:00:26 |
| Video Discription | The Head of the United Nations says the Middle East is now on the brink of a full-scale conflict. Israel is weighing up its response after Iran's massive drone and missiles attack at the weekend. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-04-15/asx-markets-business-live-news-april15-2024/103707824 Rabobank Senior Macro Strategist Ben Picton says a wider war in the Middle East will have significant implications for the global economy, leading to higher energy prices that will feed into inflation. He also says given the volatile global environment; he expects to see more spending on defence in the upcoming May budget. ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia |
| Category | News & Politics |
| Tags | Australia | abc | abc news | news | Iran | Israel | attack | missiles | drones | Middle East war | energy prices | oil | natural gas | shipping routes | supply chain | inflation | interest rates | federal budget | economic risk | global shock | Kirsten Aiken | business | business news | the business | finance | finance news | Australia news |
