Middle East Conflict Drives Higher Oil Prices Impacting US Economic Growth
โข The ongoing conflict in the Middle East has driven up oil prices, expected to slow US economic growth compared to a no-conflict baseline scenario, according to Deloitte analysis. โข Despite pressures from elevated energy costs, US firms are unlikely to materially reduce investment plans due to resilient growth in AI and technology sectors. โข Higher oil prices will affect US consumers through increased costs, though broader economic resilience from AI investments may mitigate some impacts.
deloitte.com
