Top economist says Iran war could trigger an economic ‘butterfly effect’—and keep inflation elevated for years

KPMG economist Diane Swonk warns that a potential Iran war could create economic butterfly effects similar to the pandemic's impact. She predicts such conflict could trigger prolonged inflation lasting for years.

• →KPMG's chief economist Diane Swonk warns Iran war could have cascading economic effects.
• →Potential conflict compared to pandemic's lasting economic disruption patterns.
• →War could trigger sustained inflationary pressures lasting multiple years.
• →Economic butterfly effects from geopolitical conflicts can have long-term consequences.
• →Supply chain and energy market disruptions would likely drive persistent price increases.