An article in BDaily by Solomon Animashaun
The recent furore around not only the free-fall of the Chinese and Asian stock markets but also the continued drop in oil prices has brought into sharp focus concerns about another global recession. Global markets took a real beating in January as Brent Crude prices dropped below $30 a barrel. The continued pessimism in the market was also supported by economic data out of the US showing industrial production and retail sales were weaker than anticipated. To add to this the lifting of sanctions on Iran has put further downward pressure on oil prices.