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fromBusiness Matters
23 hours agoBritain to 'flirt' with recession as iran oil shock rattles SMEs
Britain's SMEs face severe challenges as the Middle East oil shock threatens economic recession and reduced consumer spending.
The idea that this is a temporary crisis, and that the economic effects will fade away once the bombing stops, is unfortunately no longer relevant. This situation amounts to a new oil shock. And if this energy shock persists beyond a few weeks, the crisis could spread more widely throughout the economy and, in essence, take on a more systemic nature.