Global Data Watch Weekender: Strait no chaser

The podcast analyzes the potential economic impacts of geopolitical tensions, particularly focusing on the Strait of Hormuz and its effect on energy prices. It highlights that while current growth remains solid, a significant CPI hit is expected in the near term, leading central banks to adopt a wait-and-see approach. The conversation explores scenarios with oil prices at $90, $125, and $150 a barrel, with $150 being a level that could threaten a global recession. Additionally, the discussion covers the potential for broader spillover effects into agricultural and metals markets, and the differing reactions expected from central banks like the ECB, Fed, and Bank of England. The conversation also touches briefly on trade policy and the Asian economic outlook.