Growing oil price slows down the global economic recovery

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Source: Forexfactory
Growing energy prices slow down global economic recovery but in case of Israel's attack on Iran the situation will become much worse. Oil price has already climbed above 10-month high on Friday and is not going to stop its upward move. The impact on the Euro Zone will be the most severe as the region is already highly indebted and has to look for alternative oil sources. At the moment world's policymakers  are looking for ways to reduce the negative effect of growing oil and gasoline price on the fragile economic situation.

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Mon, 27 Feb 2012 10:43:54 GMT

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