Global Implications of Lower Oil Prices
Download or Read eBook Global Implications of Lower Oil Prices PDF written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle.
Author | : Mr.Aasim M. Husain |
Publisher | : International Monetary Fund |
Total Pages | : 41 |
Release | : 2015-07-14 |
ISBN-10 | : 9781513572277 |
ISBN-13 | : 151357227X |
Rating | : 4/5 (77 Downloads) |
Book Synopsis Global Implications of Lower Oil Prices by : Mr.Aasim M. Husain
Book excerpt: The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.