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Page added on August 28, 2006

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$100/barrel oil would cause U.S. recession

U.S. oil prices would have to hit $100 a barrel to drive the world’s largest economy into recession, according to a semiannual survey of economists released on Monday.

A panel of 195 forecasters surveyed by the National Association for Business Economics said that such prices could lead to a slowdown but predicted that oil would not ultimately move that high.

reuters



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