When crude oil prices reach $100 or more per barrel, the global economy risks entering a depression, particularly affecting net oil-importing countries in East Asia (excluding Malaysia and Indonesia), which will experience inflationary pressure, economic damage, and slowed economic growth.
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Kompas.com: Ahli Memprediksi Depresi GlobalIndexed:
⚠️ PREDIKSI MENGEJUTKAN: Ahli ekonomi terkemuka memperingatkan ekonomi global bisa terjun ke depresi jika harga minyak mencapai lebih dari $100. Pasar keuangan sudah dalam mode panik! 📊💔 sumber: https://www.youtube.com/watch?v=O83eIPuwTB0
It's the worst that can happen. The worst case scenario.
The world would be shocked with $100 or more in crude oil and global economy will sink into a depression.
Therefore, countries in East Asia except for Malaysia and Indonesia, everybody else is a net importer of oil and that will create inflationary pressure and also, of course, they will bring on uh economic damage and certainly economic growth will slow and the inflation will pick up. And this is the worst uh case scenario we we saw when when the US and Israel start started to attack uh Iran and everything is getting out of control now.
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