{"id":292001,"date":"2019-09-17T05:39:07","date_gmt":"2019-09-17T05:39:07","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=292001"},"modified":"2019-09-17T05:39:07","modified_gmt":"2019-09-17T05:39:07","slug":"spike-in-oil-prices-couldnt-come-at-worse-time-for-a-slowing-world-economy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spike-in-oil-prices-couldnt-come-at-worse-time-for-a-slowing-world-economy\/","title":{"rendered":"Spike in oil prices couldn\u2019t come at worse time for a slowing world economy"},"content":{"rendered":"<p>The record oil price surge after a drone strike on a Saudi Arabian oil facility couldn\u2019t come at a worse time for a world economy already in the grip of a deepening downturn.<\/p>\n<p>While the severity will depend on how long the price spike endures, the development will further erode business and consumer confidence that already are fragile amid the US-China trade dispute and slowing global demand. A manufacturing slump around the world is hammering growth in export powerhouses China and Germany.<\/p>\n<p>\u201cA negative supply shock like this, when global growth is in a synchronized slowdown with many geopolitical hotspots simmering, is just what we don\u2019t need,&#8221; said Rob Subbaraman, head of global macro research at Nomura Holdings Inc. in Singapore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The record oil price surge after a drone strike on a Saudi Arabian oil facility couldn\u2019t come at a worse time for a world economy already in the grip of a deepening downturn. While the severity will depend on how long the price spike endures, the development will further erode business and consumer confidence that already are fragile amid the US-China trade dispute and slowing global demand. A manufacturing slump around the world is hammering growth in export powerhouses China and Germany. \u201cA negative supply shock like this, when global growth is in a synchronized slowdown with many geopolitical hotspots [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-292001","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/292001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=292001"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/292001\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=292001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=292001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=292001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}