The Federal Reserve Bank of Dallas is out with a study by its economists who say the world economy will go into a recession this year without Russian energy exports.
“If the bulk of Russian energy exports is off the market for the remainder of 2022, a global economic downturn seems unavoidable,” economists Lutz Kilian and Michael Plante wrote in an article posted by the Dallas Fed Tuesday. “This slowdown could be more protracted than that in 1991.”
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