Council on Foreign Relations 104d ago

“So there’s going to be a pretty big shock—the kind of shock that might lead to something close to a recession—if there isn’t a resolution in the near term,” says CFR expert Brad W. Setser. “You’re looking at a level of the price of oil that would be exceptionally noticeable. And would it be at least a percentage point hit to the U.S. economy? Probably more. There’s probably some nonlinearities.” Subscribe to our channel: https://goo.gl/WCYsH7 This work represents the views and opinions solely of the author. The Council on Foreign Relations is an independent, nonpartisan membership organization, think tank, and publisher, and takes no institutional positions on matters of policy. Visit the CFR website: http://www.cfr.org Follow CFR on X: http://www.twitter.com/cfr_org Follow CFR on Facebook: https://www.facebook.com/councilonforeignrelations/