IMF WARNS $120 OIL COULD TRIGGER GLOBAL RECESSION IMF Managing Director Kristalina Georgieva warned that sustained oil prices of $120–$130…
IMF WARNS $120 OIL COULD TRIGGER GLOBAL RECESSION
IMF Managing Director Kristalina Georgieva warned that sustained oil prices of $120–$130 per barrel through 2027 could push the global economy into a technical recession.
Speaking in Poznań, she said such levels would slow global growth to around 2%, a rate consistent with recession-like conditions.
She added that prolonged energy price pressure would significantly weigh on global demand and economic stability.
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