Sentences with phrase «by the oil price shock»

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

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

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.

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.

Not exact matches

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.

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.

«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.

The second is that the world economy was moving along very smoothly in the post-war period, with everything under control, until hit by the external shock of the OPEC - induced oil price rise in late 1973 (and again in 1979).

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

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 oil shocks of the 1970s were followed by low prices, and away went almost all the research and efficiency initiatives that might have reduced American dependence on imported oil (and CO2 emissions).

1975: Energy Policy and Conservation Act, Corporate Average Fuel Economy (NHTSA) Intended to reduce energy consumption by increasing the fuel economy of cars and light trucks in response to the oil embargo and resulting price shocks in the early 1970s.