CEO of Westpac Bank warns that the conflict in Iran could trigger an economic downturn in Australia.

CEO of West Pacific Bank, Anthony Miller, warned that the escalating conflict in the Middle East has increased the risk of economic recession in Australia. He also mentioned that it is still unclear how long it will take for the impact of the supply chain disruption caused by the Iran conflict to spread to the entire economy. Miller stated that there have been significant changes in the situation, and the possibility of economic recession is high. The key factor is how long this conflict will last, but more importantly, how long it will take to resolve the supply chain issues.