Stepping back from the Middle East conflict, there are nine key consequences
likely to emerge, according to Shane Oliver of AMP.
He highlights higher prices and inflation, elevated geopolitical risk, a renewed
global terrorism threat, and increased defense spending. Other effects include
greater investment in oil and gas infrastructure, a stronger push toward
renewables and nuclear energy, and renewed pressure to onshore supply chains.
Oliver also points to a more crisis-prone global environment and expanding
government intervention with rising public debt, which he says could further
fuel populism.
