CEA warns of GDP growth cut if crude hits $130
pre-market1 source ↓written by the desknot a recommendation
- for 2-3 quarters
- $130 per barrel
- with prices
- $90 per barrel
Chief Economic Advisor V Anantha Nageswaran indicated that GDP growth could decline by 1% if crude prices remain at $130 per barrel for 2-3 quarters. He noted that growth could be sustained with prices around $90 per barrel. This scenario raises concerns for traders regarding inflation and economic stability.
Not investment advice. For informational purposes only.