Lagarde warns Middle East war energy disruptions may last years

Investing.com -- Energy disruptions stemming from the war in the Middle East could persist for years, and expectations for a quick return to normalcy may be too optimistic, European Central Bank President Christine Lagarde said in an interview with the Economist published on Thursday.

Lagarde noted that too much energy infrastructure has already been damaged. She added that the likely shock to the world economy might be larger than what experts currently anticipate, though the consequences would only emerge gradually.

You May Also Be Interested In

• Gap taps Coach architect Reed Krakoff for $29.95-$498 handbag line
• Bernstein SocGen on Howmet Aerospace Inc. (HWM): 'Stock is down on the SpaceX comments; should be a buying opportunity'
• GoPro to merge with Starman Optical in $285M recapitalization deal