Billionaire Ken Griffin Says Global Economy in ‘Very Treacherous Moment,’ Warns Recession Inevitable if Strait of Hormuz Lockdown Persists

Billionaire Ken Griffin Says Global Economy in ‘Very Treacherous Moment,’ Warns Recession Inevitable if Strait of Hormuz Lockdown Persists

The founder and CEO of hedge fund Citadel, Ken Griffin, is warning that the global economy is at risk amid the Middle East conflict. In an interview at the Semafor World Economy Summit in Washington, D.C., Griffin says the Iran war has triggered an “energy crisis” that could cause severe harm to the global economy. “That, [energy crisis] of course, will create demand destruction. It will cause economies across the world to decelerate. The risk of a recession has increased and central banks are making some really difficult decisions. Is the inflationary spike that this will create, will they view that as transitory and leave monetary policy as is? Or will they view themselves as having to have to raise rates to try to keep inflation expectations well anchored? So this really is a very, very treacherous moment for the world economy as we navigate the consequences of trying to secure a last

Source: https://dailyhodl.com/2026/04/20/billionaire-ken-griffin-says-global-economy-in-very-treacherous-moment-warns-recession-inevitable-if-strait-of-hormuz-lockdown-persists/