Oil prices, the dollar, sanctions, trade tensions, trips to the International Monetary Fund and shock election results.
Take your pick and financial markets felt turbulence this week with ramifications for the world economy.
Emerging markets face the biggest test and that’s the central theme in our weekly wrap-up of what’s going on in the world economy.
Iran and Oil
U.S. President Donald Trump’s announcement to pull out of the Obama-era deal and reinstate sanctions on Iran sent ripples through markets, pushing oil further above $70 a barrel. Minimizing the economic damage will be key to the country’s efforts to ensure domestic stability. $200 billion in potential energy deals for Iran now hang in the balance. Higher crude prices will likely hit economies elsewhere.