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All you need to know about the Opec+ decision to cut production and the potential knock-on effects
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Scooped by Graham Watson |
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I've put this here - in the International Economics section of the board - because apart from being a story about D&S, it's also about the wider implications of the OPEC+ decision for the global economy.
The crux of the decision is that it seems to reflect a view that with a global economic slowdown on the way, OPEC is readying itself for a tough year ahead, but in doing so this might help sustain inflation. something that most people don't want because of its implications for interest rates.