Goldman Sachs warns oil price rise may shrink global GDP
pre-market1 source ↓written by the desknot a recommendation
- and core inflation
- 0.5-0.6%
- core inflation
- 0.1-0.2%
Goldman Sachs estimates that higher energy prices could raise global inflation by 0.5-0.6% and core inflation by 0.1-0.2%. The bank attributes this to supply disruptions from the conflict affecting the Strait of Hormuz, a vital oil route. While energy markets face shocks, broader supply chains remain less impacted, minimizing pandemic-like disruptions.
Not investment advice. For informational purposes only.