Is Oil Low Price Going to Sustain the Economic Recovery?
... growth again, barring some exceptions, most notably the U.S.A. “The revisions reflect a reassessment of prospects in China, Russia, the euro area, and Japan as well as weaker activity in some major oil exporters because of the sharp drop in oil prices.... ... projections have been raised.” (Source WEO) Somewhat remarkable in the U.S. case, the growth is following the crisis of shale industry, which was allegedly the revolutionary approach that would should have brought energy independence and strengthened ...