Economics
What Oil at $100 a Barrel Would Mean for the Global Economy
- Bloomberg Economics reckons pain not as bad as in 2011
- Rising oil has different impacts on different economies
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Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in the world economy.
Exporters of the fuel would enjoy bumper returns, giving a fillip to companies and government coffers. By contrast, consuming nations would bear the cost at the pump, potentially fanning inflation and hurting demand.