IMF WARNS $120 OIL COULD TRIGGER GLOBAL RECESSION IMF Managing Director Kristalina Georgieva warned that sustained oil prices of $120–$130 per barrel through 2027 could push the global economy into a technical recession. Speaking in Poznań, she said such levels would slow global growth to around 2%, a rate consistent with recession-like conditions. She added that prolonged energy price pressure would significantly weigh on global demand and economic stability.(*Walter Bloomberg)