How soaring energy costs could hobble the covid-19 recovery
Past shocks have raised inflation and induced economic slumps
FUEL PRICES over the past month show the same vertiginous upward slope as a covid-19 case count during a particularly brutal wave. Coal and gas prices have touched all-time highs. Asian spot prices for gas have jumped by nearly 1,000% in the past year. The cost of oil has soared as shortages of other fuels have pushed up demand for crude.
This article appeared in the Finance & economics section of the print edition under the headline “Tanks for nothing”
Finance & economics October 23rd 2021
- A triple shock slows China’s growth
- Time for orderly resolution for Evergrande is running out
- What to make of the new bitcoin-linked exchange-traded fund
- Jens Weidmann steps down from the Bundesbank
- The race to redefine cross-border finance
- Why it matters when trades settle
- How soaring energy costs could hobble the covid-19 recovery
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