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UN economists: Venezuela oil changes unlikely to sway world markets; tariffs and AI pose mixed risks
Summary
In a question‑and‑answer session at the WESP 2026 launch, UN economists said Venezuela’s oil output is currently a small share of international markets, U.S. tariffs and front‑loading boosted 2025 trade but may slow growth in 2026, and concentrated AI investment risks widening inequality.
During the press briefing Q&A, correspondents pressed UN economists on specific near‑term risks to the global outlook, including Venezuela’s oil, U.S. tariffs and the distributional effects of artificial intelligence.
Asked about recent developments in Venezuela and their potential global impact, Shantanu Mukherjee said: "the proportion of oil that is traded on the world markets and originating from Venezuela is actually quite small. So on a proportional basis, we don't expect there to be much…
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