--- title: "Economists: Global inflation is expected to rise due to the impact of the Iran war" type: "News" locale: "en" url: "https://longbridge.com/en/news/277571287.md" description: "A survey shows that the Iran war could lead to a rise in global inflation, but the economic growth outlook remains unaffected. About half of economists believe that inflation in the Eurozone and the United States will accelerate, while nearly 40% expect inflation in China to also rise. The main inflationary threat comes from rising oil and gas prices due to disruptions in the Strait of Hormuz. Although the war has a limited impact on GDP, the duration of the conflict will affect the outcomes. High oil prices will impact major importing countries, while exporting countries may benefit. Rising fuel costs in the United States will affect consumer income, but the overall economic impact is relatively small" datetime: "2026-03-03T06:31:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277571287.md) - [en](https://longbridge.com/en/news/277571287.md) - [zh-HK](https://longbridge.com/zh-HK/news/277571287.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277571287.md) | [繁體中文](https://longbridge.com/zh-HK/news/277571287.md) # Economists: Global inflation is expected to rise due to the impact of the Iran war According to the Zhitong Finance APP, a survey of global economists indicates that global inflation is expected to rise due to the Iran war, but the current economic growth outlook has largely remained unaffected. The survey shows that half of the respondents believe that inflation in the Eurozone will accelerate slightly, with a roughly equal proportion of respondents also believing that inflation in the United States will speed up. Nearly 40% of respondents expect inflation in China to also accelerate, defined as a consumer price increase that is 0.3 to 0.9 percentage points faster than previously anticipated. The biggest inflation threat from the war comes from rising oil and gas prices, as about one-fifth of global maritime supply typically passes through the Strait of Hormuz, which is now almost completely blocked. Additionally, if the conflict continues, it could trigger a series of chain reactions, such as rising airfare, increased distribution costs, and broader supply chain risks. Most respondents predict that this war will have a minimal impact on the GDP of the United States, Eurozone, or China. However, many respondents added that it largely depends on the duration of the conflict. Analysis indicates that if oil prices continue to rise, major importing countries, including Europe and India, will be impacted, while exporting countries such as Russia, Canada, and Norway will benefit. 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