Why this oil shock is different
Governments and central banks are out of policy ammunition to contain the economic fallout
Governments and central banks are out of policy ammunition to contain the economic fallout

Measures undertaken by vulnerable economies may be only the start of things to come

As central bankers tread the line between controlling inflation and avoiding economic stagnation, investors face tough decisions

Investors are picking winners and losers based on economies’ exposure to inflationary surge

Energy shock intensifies fears that global economy faces prolonged period of higher inflation

If supply disruptions persist, holders of stockpiled reserves can’t be relied on to fully cushion the impact

The statistical blind spot could affect everything from interest rate cuts to investment decisions