Author Archives: CHRISTOPHER RUGABER AP Economic Writer

“A year that was set to benefit from tail winds associated with a large tax cut and boom in artificial intelligence-led investment has been partially derailed by the impact of what as of today is an adverse and growing supply shock caused by the war in Iran,” said Joe Brusuelas, chief economist at RSM, a tax and advisory firm. “Unfortunately, war and the supply shock that ensued has altered the probable growth path this year.”