Oil Price Shock Could Lower Economic Growth, Higher Inflation: Fitch
Higher-than-expected oil prices in a scenario where the ongoing Middle East conflict disrupts oil supply would cause lower economic growth and higher inflation, according to Fitch Ratings. According to the rating agency, world GDP growth would be 0.4 per cent points lower in 2024, but only 0.1 per cent points lower in 2025, although the […]