Mar 8, 2011

With Oil At 140 USD, Advanced Economies Will Start To Double Dip

The oil price going up to where it was in the summer of 2008, at $140 a barrel, at that point some of the advanced economies will start to double dip. In the U.S., where growth is accelerating fast, a 15 to 20 percent increase in oil prices, there won’t be double dip but growth reaching a stalled speed again. - in Bloomberg

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