Gate News message: On April 12, the U.S. bank released a research report on Friday, making revised forecasts on the impact of Middle East geopolitical shocks on the global economy. In the U.S., the bank cut its 2026 growth forecast by 50 basis points to 2.3%, with direct war impacts accounting for about three quarters of the downward revision. The upward revision to overall inflation was 70 basis points; it expects that by the end of 2026, core PCE (personal consumption expenditures price index, an inflation measure the Federal Reserve closely watches) will be 30 basis points higher than the prior forecast, reaching 3.1%. For the euro zone, the bank lowered its growth forecast by 60 basis points and raised its inflation forecast by 160 basis points to 3.3%, with core inflation at 2.3%. The report noted that the Middle East shock has a wide reach, but its effects are uneven.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
