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A US-Iran ceasefire has eased pressure on energy prices and, with it, the threat of a more severe stagflation shock to the global economy.
That is the core finding of the latest Atradius Economic Outlook, published from Amsterdam on July 14. The group traces the relief to a halt in months of energy disruption that preceded the truce.
What Atradius found The outlook describes the risk of a deeper stagflation shock as contained for now. The ceasefire is the proximate cause.
Energy markets had been under sustained strain across the preceding months, and the truce between Washington and Tehran removed a significant source of that pressure.
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