IMF Warns of Economic Recession Risk Due to High Oil Prices

The International Monetary Fund (IMF) has issued a warning that sustained oil prices ranging from $120 to $130 per barrel could lead to a global economic recession lasting until 2027. According to NS3.AI, the IMF's caution highlights the potential impact of prolonged high energy costs on worldwide economic stability. The organization emphasizes the need for monitoring and strategic planning to mitigate the adverse effects of elevated oil prices on economic growth.