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Oil Shock Adds Stress to the Global Economy

Original: Oil Shock Is Adding Stress to the Global Economy - Energy News, Top Headlines, Commentaries, Features & Events

An oil shock is putting fresh pressure on the global economy, with rising energy prices threatening to lift inflation, squeeze households and businesses, and weigh on growth worldwide. Analysts warn that higher crude costs could complicate central banks' efforts to bring inflation down while straining countries that depend heavily on imported oil.

Why now: Rising oil prices are raising concerns about inflation and slowing growth at a time when the world economy is already fragile.

global economyoil marketOPEC

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