The Iran nuclear deal appears to be on the brink of being revived and, were that to happen, the lifting of sanctions would provide a major direct boost to Iran’s economy. Increased oil output could add a little more downwards pressure on global oil prices. Elsewhere, the war in Ukraine has hit Europe’s auto sector as shortages of vehicle wiring harnesses are now harder to source. Morocco and Tunisia are both major producers (and key exporters to the EU) of these harnesses and could stand to benefit over a longer horizon if supply chains move away from Ukraine.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services