The theme of this week’s weekend title is: “World Energy Crisis – Russia’s War Leads Directly to a World Economic Crisis via Rising Energy Prices”. Here are some excerpts:
- Harvard economist Kenneth Rogoff speaks of a “watershed” for the global economy: “However and whenever this terrible war ends, we will see a strong and sustained increase in energy prices and a sensitive weakening of growth.”
- Fatih Birol, head of the International Energy Agency, says the war and its aftermath are causing an “energy shock”, particularly for Europe.
- The secretary general of the oil production cartel Opec, Mohamma Sanusi Barkindo, says: “We may be sleepwalking into a global catastrophe.”
Handelsblatt Energy Summit
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