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US Risks Recession if Oil Reaches $200 a Barrel – Goldman Sachs

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US Risks Recession if Oil Reaches $200 a Barrel – Goldman Sachs

By Truth Social

Goldman Sachs chief economist Jan Hatzius warned Washington that rising oil prices are going to send the US economy into a downward spiral.

He stated that “it would take a sustained oil price increase to $200 per barrel to produce an income shock similar in magnitude to those that precipitated the 1974 and 1979 recessions”, making 2022 recession a real possibility.

Brent crude prices have been steadily growing since the Ukrainian conflict took off, and Moscow has warned that Western sanctions could push the price all the way to $300 a barrel.


Original Source: https://t.me/TRUTH_SOClAL/537

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