US Edition"New Oil Shock": the Minister of Economy Warns About a Risk to Growth
7 Articles
7 Articles
Roland Lescure warned on 24 March: because of the conflict in the Middle East, France is facing an energy shock that could slow its growth. The country benefits from an energy mix that limits the immediate impact on prices and inflation, however, says the Minister of Economy.
The disruptions in the transport of oil from the Gulf countries to the rest of the world "constitute a new oil shock," the minister said, adding: "And if this energy shock persists beyond a few weeks, the crisis could spread more widely to the economy, and be at the bottom of a more systemic nature."
Without a rapid improvement in the situation in the Strait of Ormuz, "the crisis could spread more widely to the economy, and be at the bottom of a more systemic nature," alerted Roland Lescure to MEPs.
The "new oil shock" due to the war in the Middle East risks negatively affecting France's economic growth, French Finance Minister Roland Leskier told the National Assembly today. More...
The Minister of Economy Roland Lescure refers to "a new oil shock" caused by the war in the Middle East. What does that mean? What consequences? What are we going to do? We're going to take stock. I'm going to subscribe to the Infos not to be missed Summary On Tuesday 24 March, the Minister of Economy, Roland Lescure, referred to "a new oil shock" due to the conflict in the Middle East, which is likely to affect French growth. Indeed, the situat…
French Economy Minister Roland Lescure said today at the National Assembly, that the war in the Middle East is causing "a new oil shock" that will weigh on the French economy.
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