World ‘risks global recession’ in 2005

The world economy faces a significantly raised risk of a global recession in 2005 if oil prices are sustained at their current level, says a leading economist.

“Right in the danger zone of a world already tipping into recession, so if anything else were to happen, either on the oil front or any other front there is a good chance of recession next year.”

http://english.aljazeera.net/NR/exeres/B2EC085D-4426-49F5-8579-0FD9BDFDC3F8.htm