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American economist: The idea that a war against Iran would be beneficial to the U.S. economy is completely absurd
According to news from the United States, several economists have expressed disagreement with the recent statement by the U.S. government that “once the Iran conflict ends, the U.S. economy will quickly recover.” Experts believe that the damage caused by the conflict to the U.S. economy will persist for a long time, and price increases could last for several years. In agriculture, due to fertilizer shortages, American farmers are forced to hurriedly adjust planting plans, reducing the cultivation of corn, which has high nitrogen fertilizer demand. Analysts say that corn is the foundation of the U.S. food supply, widely used for livestock feed and the production of corn syrup. Missing the planting window means this year’s production cannot be recovered, and food prices will continue to rise. Regarding oil prices, because Middle Eastern energy infrastructure has been damaged, even if the conflict ends in the next two to three weeks, it will take at least several months for global oil prices to recover. (CCTV News)