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What's Happening in the World Economy: Surging Oil Poses Latest Economic Threat – Bloomberg


Hello. Today we look at the economic risks posed by soaring oil prices, why union membership in the U.S. fell again and how omicron may not be as big a drag on growth as previous waves of coronavirus.

As if the global economy needed another complication, a surge in the price of crude oil to the highest level since 2014 has emerged as a fresh potential headwind to the recovery.

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Harry Miller is a writer and editor based in Toronto with 14 years of experience in the journalism industry. Before joining Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and as a breaking news reporter with the Toronto Star. At Canada News Media he covers national news and the trending stories Canadians are searching for. Miller holds two bachelor's degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.

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