The next oil shock? And China's economy after the GDP miss

The collapse of the US-Iran ceasefire has triggered another spike in oil prices and put markets back on edge. Neil Shearing joins David Wilder to discuss whether the world is heading for another oil shock and what it would mean for growth and inflation. He also explains how Kevin Warsh's warning that the Fed has "no tolerance for persistently elevated inflation" could translate into policy.Also on the show, Julian Evans-Pritchard unpacks China's disappointing Q2 GDP figures, including the role AI is playing in shoring up activity, explains why the People's Bank of China isn't more concerned about slowing credit growth and discusses what to expect on the stimulus front.Related content The implications of a renewed closure of the Strait https://www.capitaleconomics.com/publications/global-economics-update/implications-renewed-closure-straitGlobal Economic Outlook: US strength points to renewed policy divergence https://www.capitaleconomics.com/publications/global-economic-outlook/us-strength-points-renewed-policy-divergence-0UK Drop-In: The Burnham government – will policy ambition collide with economic reality? https://www.capitaleconomics.com/events/uk-drop-burnham-government-will-policy-ambition-collide-economic-realityWhy Burnham will struggle to revive UK growth https://www.capitaleconomics.com/publications/uk-economics-focus/why-burnham-will-struggle-revive-uk-growth