BlackRock CEO Larry Fink Warns $150 Oil Could Trigger Global Recession
Larry Fink, chief executive of BlackRock, said a rise in oil prices to $150 could push the global economy into recession, according to the source text.
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Terms & Concepts
Global recession: A broad economic downturn marked by shrinking output, weaker trade, and declining business activity across multiple countries.
Oil price shock: A sudden sharp rise in crude oil prices that can increase costs across the economy and weigh on growth.