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The Latest Analysis
Global businesses remain sanguine, largely shrugging off the Iran war and the resulting higher energy and other commodity prices—at least for now. The weakest survey responses are to the broad questions regarding current and future business conditions. Sales, investment, and, to a lesser degree, hiring are holding up well. The Iran war is fanning higher inflation, as an increasing number of businesses say they are raising prices for their wares, while fewer are reining them in.