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Citi: Global Econ Able to Withstand Oil at ~USD100/ Barrel, Raising Global Econ Recession Threshold
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Even if supply disruptions in the Strait of Hormuz persist and push oil prices close to US$100 per barrel, the global economy is better positioned than in the past to absorb the shock, as households and businesses have strengthened their resilience, thereby raising the threshold for a global recession, Citi Research issued a research report saying. The global economy has previously experienced prolonged periods of high oil prices without falling into recession, the report added. Under the broker's baseline forecast, the global economy can withstand an oil price shock of around US$100 per barrel, with economic growth slowing but staying positive. In an extreme scenario, if oil prices stay at around US$110 per barrel for several consecutive months, global economic growth could be dented to below 2%, increasing the risk of recession. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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