Oil prices above $120 could push global economy into recession, warns IMF Chief in World Economy News 14/05/2026 The global economy could enter a technical recession if oil prices remain elevated at $120 to $130 per barrel through 2027, International Monetary Fund Managing Director Kristalina Georgieva warned on Wednesday. Speaking at a conference in Poznan, Poland, Georgieva said sustained high oil prices at those levels could slow global economic growth to 2%, which would constitute a technical recession. Source: Investing.com 2026-05-14 hellenicshippingnews... tweet Share