:::::::::: 글로벌번역통역센터 ::::::::::
 
 



 
 
> 고객지원센터 > News & Notice
ADMIN 2019. 02. 18.  
LIST  MODIFY  DELETE  WRITE  REPLY 
   제목: What Oil at $50 a Barrel Means for the World Economy


What Oil at $50 a Barrel Means for the World Economy

By Enda Curran and Michelle Jamrisko

November 27, 2018


Just a couple of months ago, major oil trading houses were predicting the return of $100 crude. Now, with oil prices at half that level, here뭩 a look at what the slump means for the world economy.


Energy importers like India and South Africa will benefit; oil producers such as Russia and Saudi Arabia will hurt. Central banks under pressure to raise interest rates will get a reprieve; those looking to revive prices, such as the Bank of Japan, face another headwind.


Ultimately, much depends on how world oil demand shapes up as it gets battered by a stronger dollar and global trade spats, and how the biggest producers react.

Here뭩 a Bloomberg Economics chart showing net oil imports (or exports) as a percentage of GDP -- cheaper oil helps those at the top of the chart and hurts those at the bottom.


Read more on how Saudi Arabia is pumping record volumes of crude

What does it mean for global growth?


With the northern hemisphere winter approaching, the oil-price slump will cushion households and businesses during a period of slowing economic growth. Countries that import oil and have current-account deficits, such as South Africa, will also stand to benefit. China is the world뭩 biggest importer of oil and is already battling a broader moderation in its economy amid a trade war with the U.S. and domestic challenges.

What does it mean for inflation?

Lower oil prices mean less pressure on inflation and less pressure on central banks to raise interest rates. One example: Bloomberg Economics says the energy slump is a game changer for India and could mean the Reserve Bank of India shifts to a neutral outlook.

How will emerging markets handle the price drop?

Every $10-per-barrel fall in oil prices boosts incomes by about 0.5 to 0.7 percent of gross domestic product in major emerging market oil importers, Capital Economics analysts estimate. The same discount will cause a 3 percent to 5 percent loss of GDP in most of the Gulf economies, and a slowdown of 1.5 percent to 2 percent of GDP in the U.A.E, Russia and Nigeria, all on an annualized basis, according to the analysts.

What does it mean for the world뭩 biggest economy?

Trump has described the slump in oil prices as the equivalent of a tax cut. Still, diminishing American reliance on imported oil due to the emergence of shale production will erode the positive economic consequences at the industry level.

Selected articles from Bloomberg
LIST  MODIFY  DELETE  WRITE  REPLY 





전체글 목록 2019. 02. 18.  전체글: 701  방문수: 2302519
 공지  정규직,계약직,프리랜서직 모집 
701   These Are the Signs a U.S. Recession May Be Coming
700   How a 27-Year-Old CEO Built a Near $1 Billion Fashion Startup
699   Apple Gives New Retail Head Stock Grants Worth About $8 Million
698   New BMW 3 Series to debut here in March
697   Apple Bug Lets iPhone Users Listen in on Others Via FaceTime
696   Naver to open up TV service, take on YouTube
695   Canada's Huawei ban inevitable: expert
694   Apple took unfair profits: FTC
693   Tesla to Cut 3,000 Jobs in Bid to Sell Model 3 to Mass Market
692   Paramount Was Hollywood's Mountain. Now It's a Molehill
691   In the Bond Market, the Economy Is Still Something to Worry About
690   Ford and Volkswagen are about to make cars for each other
689   Why 2019 is shaping up to be a stellar year for space exploration
688   Australia’s Housing-Sector Slump Shows Up in Another Sickly Set of Data
687   Carlos Ghosn Comes Down With Fever in Jail, Halting Interrogation
686   Stocks Rally on Trade Progress as Dollar Slips: Markets Wrap
685   Rupiah Will Beat Rupee in Battle of High-Yielders, Goldman Says
684   Singapore's Lee Family Feud Re-Emerges With Latest Facebook Post
683   Philippine Stocks Are the World's Best Performers Right Now
682   Apple Isn't the Only Casualty of China's Slowdown
681   Here's (Almost) Everything Wall Street Expects in 2019
680   In 2018, Did Business Get Too Big?
679   U.S. markets close in positive territory after challenging day
678   Internet billionaire Reid Hoffman apologizes for funding a group tied to disinformation in Alabama r
677   Musician-turned-businesswoman engages in 'economic diplomacy' 
676   BMW Faces Criminal Probe in South Korea Over Engine Fires
675   LG CNS 4th in AI image recognition competition
674   Oil Sinks to One-Year Low as Equity Slump Adds to Supply Fears 
673   Central bank joins wage worries 
672   Convertible laptops attracting consumer interest in Korea 
RELOAD VIEW DEL WRITE
1 [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] 24