International energy: the energy crisis can threaten global economic recovery

The International Energy Agency said on Thursday that it expects the global energy crisis to increase oil demand by half a million barrels a day and could lead to higher inflation and slow global recovery from the pandemic. of Covid-19.

“Unprecedented coal and gas prices, as well as ongoing power outages, are driving the energy sector and energy-intensive industries to switch to oil to continue their operations,” the Paris-based agency added. in its monthly oil report.

“High energy prices also add to inflationary pressures which, together with power outages, can lead to a decline in industrial activity and a slowdown in the economic recovery,” he said.

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