Yonhap Infomax NewsGary Cohn, former White House NEC director and IBM vice chairman, warns that surging gasoline prices will trigger near-term recession as consumers face immediate income loss, describing current environment as closer to stagflation with rising prices but no growth, while WTI crude trades at $94.64 per barrel.
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https://en.infomaxai.com/news/articleView.html?idxno=111120
#YonhapInfomax #GaryCohn #OilPrices #Recession #Stagflation #WTICrude #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=111120
Gary Cohn - High Oil Prices to Trigger Recession in Near Term
Gary Cohn, former White House NEC director and IBM vice chairman, warns that surging gasoline prices will trigger near-term recession as consumers face immediate income loss, describing current environment as closer to stagflation with rising prices but no growth, while WTI crude trades at $94.64 per barrel.