Why do higher fuel prices raise the risk of a recession?
Higher fuel prices raise the risk of a recession because they create pressure on spending, costs, inflation, and policy. What makes fuel especially powerful is that it is a core input to nearly everything—transport, production, food, and daily life—so when its price rises, the effects spread quickly and broadly. Fuel is a foundational input to the entire economy Fuel (petrol, diesel, natural gas) isn’t just another product—it’s part of the backbone of modern economies. It powers: Transportation (cars, trucks, ships, …
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