Global economic jitters: Fitch Ratings predicts 2024 impact from soaring oil price
NEW DELHI: In a stark warning, Fitch Ratings predicts that higher-than-expected oil prices, stemming from potential disruptions in the Middle East’s oil supply due to conflicts, could significantly impact global economic growth and lead to a surge in inflation.According to Fitch’s Global Economic Outlook (GEO), a scenario with average oil prices of USD 75 per … Read more