15.1 C
New York
Friday, September 22, 2023

OPEC+ says prolonged Ukraine conflict would be major blow to global economy

OPEC+ says prolonged Ukraine conflict would be major blow to global economy
© Reuters. FILE PHOTO: The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger

LONDON (Reuters) – OPEC+ has warned the global economy would see a major blow from a prolonged conflict in Ukraine, the oil producing group said in an internal report, seen by Reuters.

“Consumer and business sentiment is expected to decline not only in Europe, but also in the rest of the world, when only accounting for the inflationary impact the conflict has already caused,” it said.

Source: Investing.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,268FansLike
12,893FollowersFollow
731FollowersFollow
- Advertisement -

Latest Articles

Popular Articles