High oil prices to affect world economic recovery: Greenspan

High oil prices to affect world economic recovery: Greenspan

TOKYO, Japan - U.S. Federal Reserve Board Chairman Alan Greenspan addresses an audience of Japanese business executives in Tokyo on Oct. 18. Greenspan said that persistent high crude oil prices will undoubtedly affect the steady recovery of the world economy, but their impact on growth and inflation is unlikely to be as severe as the oil shock in the 1970s. (Kyodo)

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  • ILEA000030378
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  • Kyodo / Kyodo News Images
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