‘Next 12 Months Will Be Very Turbulent For The World Economy’

NEW DELHI: The Russia-Ukraine crisis has significantly brought down supply of energy, leading to a surge in prices. Russian oil supplies are lower than what they were before February; the fear is that the $1 million barrel shortfall a day now could become 3 million barrels a day by the end of this year, says Neelkanth Mishra, co-head of Asia Pacific Strategy and India Strategist for Credit Suisse. There’s a direct correlation between economic growth and usage of dense forms of energy, Mishra told StratNews Global Editor-in-Chief Nitin A. Gokhale on ‘The Gist’. Tune in for more.