Recession Risk Unless Oil Prices Fall Further

- August 12th, 2011

Reuters Africa reports that there is a risk of an oil-induced recession in the United States and some of the other developed economies just around the corner.

Reuters Africa reports that there is a risk of an oil-induced recession in the United States and some of the other developed economies just around the corner.

The market news is quoted as saying:

Every time that the cost of oil relative to global economic output has hit current levels — and that’s even after sharp falls in spot prices this month — it has heralded a slump.

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