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KARACHI:Global recession is the most feared villain in the fairy tale of global economy and finance. All bulls on the Wall
nb new Street are wary of the harsh recessionary talk as it ensues painful layoffs and cumbersome corporate shutdowns.I personally think that the fear of recession is even more harmful than the actual recession as imagination is always more hurtful than reality. But this reality is somehow kicking in.The first and foremost global indicator of this receding activity is the dilly-dally wave of uncerta
jordan low inty in oil markets. Crude price increased by 25% since June to reach a peak of around $97 a barrel after OPEC+ announced extension in production cuts.After scaling this peak, it receded to $77 a
nike air f nd is currently oscillating in a narrow range of $80-82 primarily dictated by fears of diminishing demand. All sentiment in the oil market is bearish and if OPEC+ doesn rsquo t resort to further cuts, oil is expected to fall into the $70s.This is just a symptom the underlying effects a
