US Edition$125 Oil Could Tip Global Economy Into Recession
3 Articles
3 Articles
Moody's Analytics warns oil at $125 could trigger a global recession
Moody’s Analytics' Gaurav Ganguly expects the conflict to ease soon, with Asia-Pacific growth around 4% this year. He cautions that a prolonged Middle East conflict would drive oil prices higher, and warns Brent crude at a sustained $125 could trigger a global recession.
$125 Oil Could Tip Global Economy Into Recession
Elevated oil prices for a sustained period of time would tip the global economy into a recession, Moody’s Analytics’ head of international economics, Gaurav Ganguly, told CNBC, pegging the game-changing price at $125 per barrel of Brent crude. If prices go that high and stay that high long enough, the world will enter a recession, but it will be a shallow one, Ganguly noted, adding that for now, Moody’s was reasonably optimistic, assuming the wa…
Maintaining high oil prices for a longer period of time could induce a recession in the global economy, Gaurav Ganguly, head of the international economics department at Moody’s Analytics, told CNBC, estimating the critical price threshold at $125 per barrel for Brent crude. Above this value and maintaining prices sufficiently […] The article Moody’s Analytics: The increase in oil prices above $125/barrel could push the global economy into reces…
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