Oil prices above $120 could push global economy into recession, warns IMF Chief

Investing.com -- The global economy could enter a technical recession if oil prices remain elevated at $120 to $130 per barrel through 2027, International Monetary Fund Managing Director Kristalina Georgieva warned on Wednesday.

Speaking at a conference in Poznan, Poland, Georgieva said sustained high oil prices at those levels could slow global economic growth to 2%, which would constitute a technical recession

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