Sentences with phrase «as oil price shocks»

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

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.

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

Not exact matches

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.

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.

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.

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...

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.

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.

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.

The second shock was the sudden drop in resource prices, particularly for oil, which represented a significant loss of income for the nation as a whole — something in the range of $ 50 billion to $ 60 billion per year.

A supply shock, for example a major oil price increase, will reduce both actual and potential output, as well as raising prices.

The President appealed for more patience and understanding from Nigerians as his administration takes steps to safeguard the economy from the shock of falling oil prices.

The bank reduced its trend - setting rate twice in 2015 to the very low level of 0.5 per cent to help the economy as it struggled with the effects of the oil - price shock.

We see the decline in oil prices as being largely due to a positive supply shock, rather than a weakening of oil demand.

And Mr. Obama's broader call for an energy revolution also could require him to overcome what he called America's «shock and trance» cycle as oil prices spike and collapse.

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.

Data on the energy intensity of GDP show big variations across time and space, e.g. the sharp decline in US intensity after the oil shocks of the 1970s, which then flattened out as prices came down, and the much lower energy intensity of European nations with high gasoline taxes.

Finally, an exogenous shock to the economy, such as an oil price surge or a global war, can tip an economy into the recession.