"If oil prices stay high in, say, $120, $130 per barrel level into 2027, there is a risk of the world economy slowing down to 2%, which is a technical recession," she told a conference in Poznan, Poland
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If oil prices stay high into 2027 there is a risk that the global economy could enter technical recession, IMF Managing Director Kristalina Georgieva said on Wednesday.
"If oil prices stay high in, say, $120, $130 per barrel level into 2027, there is a risk of the world economy slowing down to 2%, which is a technical recession," she told a conference in Poznan, Poland.
(Reporting by Alan Charlish)
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