USD ЦБ — 77,73 -0,99
EUR ЦБ — 85,74 -0,23
Brent — 24,63 -9,21%
March, Sunday

Subscribe

e-mail:

Question of the week

Will the russian Turkish stream be launched, or an apology to Erdogan is not enough?

poll archive

News // Politics

Germany Warns: Global Economic Growth May Suffer

26 October 2004 , 08:06418
The government of Germany said high world oil prices may cut economic growth by about 0.25% this year. It was reported by Economy Minister of Germany Wolfgang Clement.

He said yesterday that the government expected 1.8% of growth this year, falling to 1.7% in 2005.
He added they expected that high crude prices had already weakened real growth of the year by almost a quarter of a percentage point.

Yesterday?s trading closed with Light sweet crude of $55.53 a barrel at NYMEX, due to concerns about a threaten to another strike in Norway, which would halt oil producing.

Herr Clement added that if prices were to remain above $50 a barrel for a sustained period, growth in Germany and around the world would suffer.

Related Links

Comments

No comments yet.

Post a comment