Is Oil Low Price Going to Sustain the Economic Recovery?
... price is not sufficient to shake the economy at global level and induce 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 ... ... 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 ...