Where's the global economy's breaking point? When the energy sector's size hits 9%, says Merrill...

|By:, SA News Editor

Where's the global economy's breaking point? When the energy sector's size hits 9%, says Merrill Lynch's Sabine Schels - and it can get there with $120 oil, which could be fueled by emerging-market inflation and the coming summer demand. It's already looking a lot like 2008, says the IEA's chief economist.