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Inflation Alarmism And Rising Oil Prices Could Kill Off Recovery ...
- 2021/07/05
- 再生時間： 8 分
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あらすじ・解説
Inflation Alarmism Could Kill Off Recovery
The Governor of the Bank of England Andrew Bailey warned this week of "Inflation Alarmism". Prices are on the rise. House prices increased by over 11%. Haribo deliveries are failing, for a lack of lorry drivers. Construction costs are rising at the "drop of a hat". Quoted prices are good for just 24 hours. A shortage of materials is compounding pricing dilemmas in the building industry.
Rising Oil Prices Could Kill Off Recovery
In our "What next for oil prices", published in May we expected oil prices Bent Crude basis to average $66 dollars in the third quarter of the year. Prices closed last week at $76 dollars. The OPEC delay to any decision on output increases didn't help. The US administration is voicing concerns as the market tests the $75 dollar level. OPEC concerns rise as fears of "Demand Destruction" loom as prices rise.
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