Analysis Market note
Global growth, oil and the Iran conflict
Revisiting the July 2026 note: slower global growth and the role of energy prices for households and businesses.
In its note of 29 July 2026, Necker Finance discussed the implications of the Iran conflict for the global economy and energy markets.
S&P Global’s analysis of PMI surveys, published on 8 July 2026, indicated global GDP growth of approximately 2.5% at an annualised rate in the second quarter, compared with approximately 3% at the start of the year. This is an estimate derived from business surveys, not an official national accounts figure.
Necker Finance’s note also discussed the possibility that lower oil prices could ease pressure on households and improve business confidence. This remained a forecast, dependent in particular on the course of the conflict and energy supply.
The original LinkedIn post links to Thierry Carlot’s Macroeconomic Chronicle.
Further reading
Lac Leman joins Necker Finance Mauritius
Necker Finance Mauritius now holds the entire share capital of Lac Leman Investment Management Ltd, completing a step that began with a minority interest a year earlier.
Guillaume Passebecq appointed CEO of Necker Finance Mauritius
Necker Finance Mauritius appoints Guillaume Passebecq, a private banking leader with more than thirty years of experience, as Chief Executive Officer.