Economics
Oil-Price Shock Couldn’t Come at Worse Time for World Growth
- Economic impact depends on how long the price surge endures
- Latest development could prod central banks toward more cuts
This article is for subscribers only.
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
The record oil-price surge after a drone strike on a Saudi Arabian oil facility couldn’t come at a worse time for a world economy already in the grip of a deepening downturn.