Oil at $150 will trigger global recession, says boss of financial giant BlackRock
Larry Fink says if oil prices stay high for a sustained period it will have "profound implications" for the world economy.
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Notable Quotes
"If the price of oil hits $150 a barrel it will trigger a global recession."
— Larry Fink , Executive
"Rising energy prices is a very regressive tax. It affects the poor more than the wealthy."
— Larry Fink , Executive
"I believe there's a race for technology dominance."
— Larry Fink , Executive
"Om oljepriset når 150 dollar kan det utlösa en global recession."
— Larry Fink , Executive
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Larry Fink says if oil prices stay high for a sustained period it will have "profound implications" for the world economy.
Larry Fink, CEO för BlackRock, varnar för att ett oljepris på 150 dollar per fat kan utlösa en global recession. Han nämner två möjliga scenarier: ett där kriget i Iran snabbt tar slut och oljepriserna sjunker, och ett där högre oljepriser kvarstår i flera år, vilket skulle ha djupgående ekonomiska konsekvenser.
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