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Oil Price Impact on Economic Growth by Daksh Mehta is a document available to read on EtoBox.

What is Oil Price Impact on Economic Growth about?

The document analyzes the impact of rising oil prices on the global and Canadian economies. It finds that while oil price spikes have preceded past US recessions, the current shock is smaller as a percentage of GDP. Speculation in oil markets has also reached record levels. The document forecasts that oil prices will stabilize around $100 per barrel if no further geopolitical events occur. It concludes that higher food and energy prices are no longer leading to wage or core inflation increases in the US and

Author

Daksh Mehta

Language

EN