The question will not be on any formal agenda.
But when two groups of powerful leaders gather on opposite sides of the globe this week, both will know the real issue facing them: Must the entire non-Communist world go through a repetition of the oil-fired recession of 1974-75? The answer will not be clear even when the final gavel ends the OPEC meeting in Geneva and the economic summit in Tokyo. But the prospects are cheerless: at best, a slowdown in global growth, accompanied by more inflation; at worst, an outright recession—also accompanied...
To continue reading:
or
Log-In
