Attack on Syria: the danger is in escalation

Content Type
Policy Brief
Institution
Oxford Economics
Abstract
It is now looking all but certain that the United States will launch some form of attack on Syria. What is unclear is the severity and duration of the attack. Leaving aside the political ramifications, the immediate economic effects are likely to be limited (and are mostly already factored in). Opposing impacts on inflation and activity means that changes to central bank policy could be postponed. A prolonged campaign could have wider ramifications, not least if there is a risk of a geographical widening of the conflict.
Topic
Foreign Policy, Economics, International Trade and Finance, Markets, War
Political Geography
United States, Middle East, Arabia, Syria