Rising energy prices and boxing Russian crude oil out of the global market risks a global recession, Bank of America's head of global commodities and derivatives research Francisco Blanch warned in a recent research note. "Can the global economy continue to expand with tightening oil supplies? Our estimates suggest that the world can handle a total disruption of just about 2mn b/d of Russian oil without risking a global recession," the note cautioned. In 2023, BoA sees oil demand approaching pre-Covid levels—but only if Russia's crude oil…
Hence then, the article about rising energy prices could tip world into 1980s style recession was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Rising Energy Prices Could Tip World Into 1980s-Style Recession )