Global Economic Risks from Rising Oil Prices and Consumer Delinquencies
Pakistan's finance ministry has warned of significant economic risks from rising global oil prices, while analysts suggest these prices could indirectly affect consumer delinquencies and pressure unemployment.
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Rising oil prices pose risk to Pakistan’s import bill, macroeconomic conditions, finance ministry warns
ISLAMABAD: Showing cautious optimism over Pakistan’s short-term economic outlook, the finance ministry on Tuesday warned that rising global oil prices due to the US-Israel war on Iran posed risks to the country’s import bill and macroeconomic conditions in the long-term. “Rising global oil prices and potential supply chain disruptions may exert pressure on industrial input costs”, said the Ministry of Finance in its Monthly Economic Update and Outlook, with the estimated rate of inflation gro...
By none@none.com (Khaleeq Kiani)
Read full article →Rising oil prices could indirectly affect consumer delinquencies as slower growth pressures unemployment – GS
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