Oil Shock Bigger Than 1970s: Gita Gopinath Warns of Impact on Your Wallet
International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath has issued a stark warning that the current oil shock is more severe than the crises witnessed in the 1970s. Speaking at a global economic forum, she highlighted how rising energy prices are straining household budgets, destabilizing economies, and reshaping global trade flows. Key Highlights…