The rise in oil prices has raised fears about the prospects for the economic recovery. Obviously the economy has changed a great deal since the oil price shocks of the 1970s, when sharp oil price rises pushed the UK into recession. Nonetheless, the current rise clearly comes at a bad time.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services