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TiMELiNES

1973

Oil shock destabilizes the global economy

The OPEC oil embargo triggered recession, inflation, and financial strain across many countries.

Canonical milestoneGlobal1 timeline

Context

Appears In

TimelineTimeline of Global Financial Crises

Position 13

Authority

Sources

Encyclopaedia BritannicaConfidence 95%

Taxonomy

Tags

financial-crisisoil-shock