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2026-04-09 09:56:41
[Citigroup Economist Warns: Global Recession Risk Will Increase if Oil Prices Break Through $110-120] (1) Nathan Sheetz, chief global economist at Citigroup and former U.S. Treasury official, warned that the risks to the global economy will increase significantly if oil prices break through $110 to $120 per barrel. (2) As the impact of oil prices continues to intensify, the risk of economic recession will also increase significantly. (3) There may be certain critical points that, once exceeded, will render some economic activities irrational, and the economy will experience a more severe and non-linear correction.
