European Parliament Library

Global Implications of Lower Oil Prices, Aasim Husain, Rabah Arezki, Peter Breuer, V. Haksar, Thomas Helbling, Paulo Medas, Martin Sommer

Abstract
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
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (41 p.)
Form Of Item
online
Isbn
9780151357222

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