Surge in oil price could derail global economy

JP Morgan and Barclays have both raised their forecasts for the oil price over the next year, and Morgan Stanley analysts warn it poses “upside risks” to inflation forecasts, as higher oil prices typically lead to higher energy and fuel costs which feed through into higher prices for other goods and services.

Rising inflation is seen as a key risk to economic growth in part because it could force central banks to hike interest rates more quickly, putting the brakes on business and household spending, and on stock markets.

FOLLOW THE LINK FOR THE FULL REPORT – JR

http://www.telegraph.co.uk/business/2018/01/29/surge-oil-price-could-derail-global-economy/

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