By Raghuram Rajan
raised oil prices significantly. While the consequences from the fragility induced inwards oil-consuming emerging markets may accept fourth dimension to filter dorsum to the United States, the adverse effects of higher oil prices on U.S. consumers’ disposable income together with involve volition shortly last felt.
raised oil prices significantly. While the consequences from the fragility induced inwards oil-consuming emerging markets may accept fourth dimension to filter dorsum to the United States, the adverse effects of higher oil prices on U.S. consumers’ disposable income together with involve volition shortly last felt.
At a fourth dimension when fiscal fragilities are building, incertitude close economical policy exclusively adds to economical vulnerability. Put differently, rigid U.S. increment is sustainable exclusively if policymakers deed every mo if they believe it is not. Anything else together with nosotros are inwards for a oil ride.
This was produced past times The WorldPost, a partnership of the Berggruen Institute together with The Washington Post.
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