There has been a lot of discussion in the media about the risk of a recession due to the Gulf conflict. The UK economy was already slowing down, and this situation is adding more pressure. In the short term, this is likely to show up in several ways
Inflation, Unemployment, and Energy Costs: A Perfect Storm for the UK
The International Energy Agency’s plan to release the largest ever volume of oil from global strategic reserves comes as prices reach their highest levels in almost five years. For policy makers, the concern is that without addressing underlying supply constraints, the relief will be fleeting.
