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The Telegraph: What does the oil price surge mean for the UK economy?

A study co-authored by Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge Business School, is featured in the article about recent attacks on Saudi Arabia oil facilities. The study investigated the global macroeconomic consequences of country-specific oil-supply shocks and found that “an adverse shock knocking Saudi production by 11 per cent per quarter had serious ramifications for the world economy as other nations fail to plug the shortfall.” (subs)

Read the full article [telegraph.co.uk]