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Opinion

OPEC Decisions Reveal Weak Economy

The latest OPEC meeting conclusions show that the global economy is not as strong as headlines suggest and that industries all over the world are struggling.
OPEC Decisions Reveal Weak Economy
Russia's Energy Minister Alexander Novak (L) and his counterparts from Saudi Arabia Prince Abdulaziz bin Salman (C-L) and the UAE's Suhail Al-Mazroui (C-R) walk out with other delegates after the end of OPEC meeting in Riyadh, on June 2, 2024. Haitham el-Tabel/AFP via Getty Images
Daniel Lacalle
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Commentary

The latest OPEC meeting conclusions show that the global economy is not as strong as headlines suggest and that industries all over the world are struggling to recover. Indeed, many manufacturing purchasing managers’ indexes continue to signal contraction.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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