Déjà Vu: Skyrocketing Oil Prices Spark Fears Of A Global Recession

The more Russian oil supply comes off the market in the coming months, the higher the chances of a global recession later this year, economists and analysts have started to warn since Russia invaded Ukraine a month ago. The latest warning came this week from two economists from the Research Department at the Federal Reserve Bank of Dallas. Should a large part of Russia's energy exports remain off the market throughout this year, a global economic downturn seems unavoidable, Lutz Kilian and Michael D. Plante wrote in an analysis on Tuesday. The…