Sentences with phrase «1970sstyle oil price shocks»

While the near - zero balance of opinion suggests that labour market slack remains, the indicator has continued to improve gradually since the oil price shock, as conditions in affected regions have bottomed out.

The BOS indicator illustrates the slowdown in business activity in late 2014 triggered by the oil price shock.

Although we knew that lowering the policy rate could worsen vulnerabilities related to household debt, we also knew that it would counter the risk that growth would crater and lessen the probability that the oil price shock would trigger financial stability risks.

We estimate that the oil price shock, on its own, took about 1 1/4 percentage points off GDP growth in the first half of the year.

The spending behaviour of firms in regions hit by the oil price shock is also recovering, supported by improving commodity prices and business confidence.

In Canada, the economy's structural adjustment to the oil price shock continues, but is proving to be uneven.

Only in the event of a large supply shock (such as the oil price shocks of the 1970s) might any difference in response across the different frameworks become apparent.

August 30, 2016 — The effects of large oil price shocks on the Canadian economy are complex, as is the best response of monetary policy, but getting it wrong can be very costly, according to a new...

Those of you who can recall our experience with the oil price shock of the 1970s will remember the subsequent effort required to bring inflation under control.

The oil price shock increases both downside risks to the inflation profile and financial stability risks.

Then the oil price shock hit.

The drag from the oil price shock and related spillovers is gradually dissipating, and demand growth remains steady in less - affected regions.

The second cyclical factor that has had a major impact on our exports and business investment is the protracted recovery of the US economy — the slowest in the postwar period.10 When oil and other commodity prices rose in the years before the 2014 oil price shock, so did our dollar, making our non-commodity exports to the United States less competitive and reinforcing the ongoing shift from manufacturing to services.

«Rates are of course extraordinarily low,» Poloz said, adding the bank cut rates by 50 basis points in 2015 to counteract the effects of the oil price shock.

Britain's economic recovery could be knocked off course by a series of 1970sstyle oil price shocks, Chris Huhne warned yesterday.

«With the exception of Chad, which already had a program in place with the IMF prior to the oil price shock, we have not received any new request for financial assistance from sub-Saharan African oil exporters,» the IMF spokeswoman added.

«I picture an oil price shock within a couple of years,» says Campbell.

Previous jolts to the economy, like the Gulf War and the oil price shocks of the 1970s, were surprises.

Putting all its eggs in the truck / SUV / crossover market, it will once again be an oil price shock away from getting caught out.

An isolated oil price shock or two can be readily absorbed by other segments of the economy, but the type of steep, sustained rise in oil prices that we've seen in recent years becomes a cost factor that has to be passed on.

The summer edition of the report suggested businesses on the Prairies will be hurt as the oil price shock spreads across other sectors.

«Black Gold: The End of Bretton Woods and the Oil Price Shocks of the 1970s.»

In early 2015, for example, ToTEM was showing how the oil price shock would play out and the downside risk to projected inflation became unacceptably large.

A sharp decline from the rate achieved in the years immediately following the oil price shocks of the early 1970s.

Government energy RD&D budgets in IEA member countries increased sharply after the oil price shocks of the 1970s.

CAFE was created back in the 1970s in response to the oil price shocks of that decade and a Malthusian fear about the world running out of oil.

Some of the poorest countries in the world are so dependent on oil imports that their already fragile economies have been hit 10 times as hard as the U.S. economy by the oil price shocks of the past years.

Kristianstad's energy makeover is rooted in oil price shocks of the 1980s, when the city could barely afford to heat its schools and hospitals.

Oil price shocks and stock markets in the US and 13 European countries.

Although the U.S. economy is more stable and stronger than it was in the 1970s, when it was devastated by oil price shocks in 1973 and again in 1978 — 79, it could slip into recession in the same way it did coming off the Gulf War oil price shocks in 1990.

«Historically, geopolitical events rarely cause a sustained recession, and other contributing factors, such as oil price shocks, play a more predominant role.

Not exact matches

«So paradoxically these peak demand fears might bring the largest supply shock ever,» he wrote, adding, «If oil prices do not rise fast enough, $ 300 oil in a few years is not impossible».

In response to a question about whether a rate cut amounted to pouring gasoline on the overheated housing market, Poloz said «We admit that these conditions are likely to cause financial imbalances,» in some cases, but that the Bank's primary goal is to ameliorate the «financial shock» to the economy caused by the drop in oil prices.

Probably the most famous example of a large, negative terms of trade shock is the United States after the oil price spike in 1973:

The high income households have nice broad, diversified safety nets that can allow them to withstand shocks (oil prices, housing prices, employment fluctuations, unexpected illness) by shifting through short, medium and long - term forms of saving.

Second, that Saudi Arabia, the driving force within OPEC and the shock absorber in oil markets for the past 40 years, would cut production if necessary to keep prices from falling too low.

Many economists worried that the state was in for a recession along the lines of the oil shock of the 1980s, when real estate prices plunged and unemployment soared.

But a series of shocks to the market — including plunging oil prices, Western sanctions, recession and higher beer taxes — has diminished its weight in the brewer's earnings.

Given how important oil has been to the Canadian economy in recent years it shouldn't come as a huge shock that the loonie is heavily correlated with the decline in the price of oil.

In a separate note, TD Securities» chief Canada macro strategist David Tulk said forecasters have underestimated the impact of the oil price decline on the Canadian economy, calling the shock «longer - lived and larger» than expected.

Following the initial shock of oil - supply risk, U.S. Treasury bond and related «flight - to - safety» investments tend to lower oil price trends as the U.S. dollar appreciates.

OPEC hopes to stimulate demand through low oil prices back to the peak levels that existed before the price shocks of the 1970s and 1980s.

Among the three price shocks (GST, exchange rate and oil prices), only the last was a pure textbook «supply - side» shock.

This is mostly due to much lower oil prices after the oil shock (expected to remain around $ 53 per barrel in the next two years), as oil proceeds still account for more than 50 % of government revenues.

These shocks range from a hard and bumpy landing in China to a potential recession in the United States as the oil and manufacturing sectors face some duress and as the unsubsidized price of money again enters into the equation.

Angola is Africa's second - largest oil producer behind Nigeria, and like its West African counterpart, where the slump in oil prices forced a reconsideration of its dependence on oil, Angola now faces the challenge of having to restructure its economy to reduce its vulnerability to oil shocks.

Plunging oil prices were a major market and economic shock in 2015 and early 2016, causing broad market volatility while adding to the pain in emerging market (EM) and high yield assets.

As Stephen Gordon has explained, this is exactly what we should expect from the oil shock — the price of things we export has fallen a lot, which makes us poorer.

«Today's prices haven't yet turned into a shock for the global oil industry.

Crude oil prices have jumped to almost one - year high's on Monday in a shocking turn of events as Russian President Vladimir Putin disclosed that Russia was ready to join the cartel's efforts to reduce global oil supply.