The second half of the year rests on a delicate chain of dominoes, according to a new briefing from Oxford Economics, and whether the US-Iran peace agreement holds is the factor that determines how the rest fall.
"Its durability will determine whether the global economy gets an energy-driven disinflation tailwind or absorbs a second oil shock," stated chief global economist Ryan Sweet in the report, calling the deal "the key domino that will determine whether other risks are amplified or dampened".
