How big are the global risks from Syria?

The recent events in Syria are, above all, a human tragedy, but it falls on us to address the wider market and economic implications too. A further rise in oil prices would threaten to turn a lacklustre global recovery into something approaching stagnation. However, the “worst case” scenario of significant disruption to energy supplies from the region still seems highly unlikely.

In view of the potential wider interest, we are also sending this Global Economics Update to clients of our Global Markets and Commodities services.