Is Oil Low Price Going to Sustain the Economic Recovery?
... to finance their development, confiding in their revenues from oil sales to repay them and in the favorable interest rates, Venezuela being a prime example. Then even if not so financially exposed, some recessive effects are doomed to happen anyway. For example, according to the IMF, in 2015 Russia will supposedly lose a chunk of its GDP amounting to 3%. That would explain why the reduced oil price is not sufficient ... ... 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 ...
17.02.2015
