Oil price surge meets recession fears — but this time the old playbook may not apply

Rising oil prices and a contracting US labour market have revived fears that war will tip the economy into recession. History lends some support to that concern: each Middle Eastern conflict in 1980, 1990, and 2001 coincided with a US recession, even if the last of those saw no oil price spike.

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KC Law (Economist)

Law Ka Chung is a Hong Kong economist and financial columnist.