Ed Conway, data and economics editor at Sky News and author of the book “Material World”, warns in an interview with Expresso that the current war in the Persian Gulf “will have repercussions similar” to those of the 1970s oil crisis and that it is difficult to imagine how everything will return to normal. He points to other ongoing trends: “If deglobalisation happens, we will be in a much more inflationary world”.
“The USA and China are probably the biggest winners” of the war in Iran, “the rest of Asia and Europe are not so lucky”
Thursday, 30 April 2026RSS
Context & Explainers
Inflation measures how much general prices rise over time, usually reported year‑on‑year to compare a month with the same month a year earlier. Portugal’s National Institute of Statistics (INE) estimated January inflation at 1.9% year‑on‑year, down 0.3 percentage points from December, which affects rents, wages and everyday purchasing power for residents.
