Societe Generale Warns Middle East Shipping Risks Could Keep Eurozone Core Goods Inflation Elevated - VT Markets

The content here might not be relevant fo you. Would you like to visit the North America website? Societe Generale economists Sam Cartwright and Michel Martinez examine renewed supply chain disruption risks for the euro area, with tensions in the Middle East adding to strains seen after Covid in 2020-21 and those linked to the war in Ukraine since 2022. The note seeks to quantify European supply pressure and its pass-through to prices, using an adaptation of the New York Fed’s Global Supply Chain Pressure Index (GSCPI) to build separate gauges for Europe and Asia and to assess how trade disruptions through the Strait of Hormuz affect each region.