arabtoday
Last Updated : GMT 12:06:20
Arab Today, arab today
Arab Today, arab today

Global economy digests oil price hikes

Arab Today, arab today

Arab Today, arab today Global economy digests oil price hikes

Washington - QNA

Despite a fourfold increase in oil prices over the past decade, the world has absorbed the price hikes with relatively little disruption due to fundamental changes in the workings of the global economy, and the use of macroeconomic policy to mitigate the effects of rises, IMF Survey Magazine has said. In his article, Jorg Decressin of IMF Research Department, said during the current economic downturn, the price of oil hit over $100 a barrel, and prices rose close to levels only seen in the 1970s. But the increases have not triggered global recessions as they did in the 1970s and 80s, reported the Saudi Gazette Sunday. In the new research, IMF economists attribute this resilience to five underlying factors: Stronger demand: Increases since 2000 has been stronger-than-expected demand from emerging market economies. Central bank policies: Greater awareness of the impact of high wage increases including lost employment and reforms to labor markets have led to more job-friendly wage setting. Central banks have become more adept at convincing workers that oil price increases will not feed through into inflation. Recycling the benefits of oil profits: The revenues from oil exports are flowing back to oil-importing economies. This helps bring down interest rates for households and firms, and so supports investment and growth in these economies. Greater efficiency: Major emerging markets are also becoming more efficient in the use of energy, and they are expected to continue to make efficiency gains. By 2030, the major regions of the world the United States, China, and India are projected to have the same energy intensity. Diversification Countries have increasingly diversified their energy sources over recent decades. They import energy from many more places than in the 1970s. They also use more varied forms of energy. This makes them less vulnerable to disruptions from any one supplier or source of energy. By 2030, it is expected that energy use will be even more diversified. Oil, coal, and gas are predicted to each have a 30 percent world market share, with hydro, nuclear and renewables accounting for the remaining 10 percent. However, despite the reduced impact of high oil prices in recent years, large, abrupt price changes remain difficult to absorb, particularly if they come from supply disruptions.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today global economy digests oil price hikes Arab Today, arab today global economy digests oil price hikes

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Holiday magic is everywhere

GMT 13:04 2016 Saturday ,03 December

Holiday magic is everywhere
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today Status of main battle fronts

GMT 07:24 2016 Tuesday ,06 December

Status of main battle fronts
Arab Today, arab today 'Rookie' Trump must fall into line

GMT 08:02 2016 Tuesday ,06 December

'Rookie' Trump must fall into line

GMT 21:43 2016 Monday ,05 December

Oil Prices Decrease in Asia

GMT 11:05 2016 Saturday ,03 December

OPEC daily basket price for Thursday, 1st December 2016

GMT 04:12 2016 Saturday ,03 December

Oil stages biggest weekly rally since 2009

GMT 20:01 2016 Friday ,02 December

OPEC daily basket price announced for Wednesday

GMT 23:55 2016 Thursday ,01 December

Oil jumps 13 percent as OPEC finalizes output cut deal

GMT 20:53 2016 Thursday ,01 December

Kuwaiti Oil Price Goes up to $42.69 pb

GMT 10:54 2016 Thursday ,01 December

OPEC daily basket price for Tuesday, 29th November, 2016

GMT 10:11 2016 Thursday ,01 December

Oil prices surge nearly 10% in New York after OPEC deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today Vanessa Redgrave makes directing

GMT 10:52 2016 Tuesday ,06 December

Vanessa Redgrave makes directing
Arab Today, arab today Indonesia expands protection

GMT 11:39 2016 Tuesday ,06 December

Indonesia expands protection
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today It's a squeeze, but Paris Impressionist

GMT 12:06 2016 Saturday ,03 December

It's a squeeze, but Paris Impressionist
Arab Today, arab today To battle Japanese whaling fleet

GMT 11:53 2016 Monday ,05 December

To battle Japanese whaling fleet

GMT 12:58 2016 Friday ,02 December

Trump, politics on the mind

GMT 13:00 2016 Monday ,05 December

Dubai Women Establishment delegation

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:19 2016 Monday ,21 November

New nationalism stoking fears

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday