Rising oil prices will hurt household income and spending and it could accelerate inflation. As the world’s biggest importer of oil, China is vulnerable, and many countries in Europe also rely on imported energy. For a sustained hit to growth, economists say oil would need to hold above $100. It also depends on dollar strength or weakness.
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Monday 29 April 2019
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What oil at $100 a barrel would mean for the world economy
What oil at $100 a barrel would mean for the world economy
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