IMF’s Gopinath Says Risk of ‘Severe Oil Shock’ Exists

International Monetary Fund First Managing Director Gita Gopinath warned that a further escalation of conflict in the Middle East could provoke a spike in global oil prices. Gopinath said, “yes, we could have a severe oil shock, but we’re not there yet,” during an interview on Bloomberg Television that also touched on global trade and US debt sustainability.
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