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by Sabinus
22 days ago
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Mark Zandi from Moody's Analytics https://www.linkedin.com/pulse/iran-oil-shock-mark-zandi-aro... "Based on the simulations of our global macroeconomic model, oil prices would only need to average close to $125 per barrel in the second quarter of this year for a recession to ensue soon thereafter, all else equal. And it is not difficult to envisage oil prices increasing to $125 per barrel. It only requires that the conflict and the closure of the Strait of Hormuz last a few weeks longer, say through July 4, or even much sooner, if the combatants increasingly target the region's energy-producing infrastructure." |
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