Recession Risk Unless Oil Prices Fall Further
Investing News Network - 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.