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Lower oil price 50% raises global economic growth
Elaf
3/7/15
Cairo: The World Bank said that oil prices fell by about 50% can lead to an increase in global GDP by between 0.7- 0.8%% in the medium term.
Oil prices have fallen about 50% between June 2014 and February 2015 .otoqa World Bank global economic growth rate of 3% in 2015 compared to a growth of 2.6% in 2014.oaodh World Bank study has been acquainted with them on Friday that three factors behind the recent decline in oil prices, a rapid increase in the supply of oil from unconventional sources, and change Great position in oil-exporting countries «OPEC policy», and weak global demand - according to the news agency Alonadol-.
The study added that the previous three factors have been strengthened because of the strength of the US dollar and not to disrupt oil production in the Middle East severely because of the conflict in the region. The study suggested that continued volatility in oil markets and prices remain low over the next few years, indicating that the decline in oil prices will be downward pressure on the prices of other commodities, especially natural gas, fertilizers, goods Algmaih.okhevc study that permits food prices will benefit the majority of the poor the world, who are net consumers, where more than 70% of the world's poor live in the oil-importing countries, as lower oil prices works to reduce poverty in the world.
For its part, the Food and Agriculture Organization of the United Nations «FAO» said yesterday that global food prices fell 1% in the last month to the lowest level in more than 4.5 years with low grain, meat, sugar and stability of the oils and the recovery of prices of dairy products prices Bakoh.oukal «FAW» It can increase the poor gain more if the decline in oil prices has allowed the reallocation of spending on support towards reaching the poor programs are Avdil.uccir study indicated that lower oil prices for exporting countries is a reminder points inherent weakness in the heavy reliance on oil exports, and an opportunity to re- activate its efforts to diversify. The study called for the concentration of diversification efforts in the oil-exporting countries to encourage high-value-added activities in the areas of manufacturing, services, and support the development of skills and human capital.
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Elaf
3/7/15
Cairo: The World Bank said that oil prices fell by about 50% can lead to an increase in global GDP by between 0.7- 0.8%% in the medium term.
Oil prices have fallen about 50% between June 2014 and February 2015 .otoqa World Bank global economic growth rate of 3% in 2015 compared to a growth of 2.6% in 2014.oaodh World Bank study has been acquainted with them on Friday that three factors behind the recent decline in oil prices, a rapid increase in the supply of oil from unconventional sources, and change Great position in oil-exporting countries «OPEC policy», and weak global demand - according to the news agency Alonadol-.
The study added that the previous three factors have been strengthened because of the strength of the US dollar and not to disrupt oil production in the Middle East severely because of the conflict in the region. The study suggested that continued volatility in oil markets and prices remain low over the next few years, indicating that the decline in oil prices will be downward pressure on the prices of other commodities, especially natural gas, fertilizers, goods Algmaih.okhevc study that permits food prices will benefit the majority of the poor the world, who are net consumers, where more than 70% of the world's poor live in the oil-importing countries, as lower oil prices works to reduce poverty in the world.
For its part, the Food and Agriculture Organization of the United Nations «FAO» said yesterday that global food prices fell 1% in the last month to the lowest level in more than 4.5 years with low grain, meat, sugar and stability of the oils and the recovery of prices of dairy products prices Bakoh.oukal «FAW» It can increase the poor gain more if the decline in oil prices has allowed the reallocation of spending on support towards reaching the poor programs are Avdil.uccir study indicated that lower oil prices for exporting countries is a reminder points inherent weakness in the heavy reliance on oil exports, and an opportunity to re- activate its efforts to diversify. The study called for the concentration of diversification efforts in the oil-exporting countries to encourage high-value-added activities in the areas of manufacturing, services, and support the development of skills and human capital.
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