Sentences with phrase «collapse of oil prices»

This is mainly due to two unforeseen events: the drop in iron ore prices and the sudden collapse of the oil price.

El Rufai emphasised the need for diversification of the country's resources, saying a impending collapse of oil prices is an avenue to shift the country's attention away from oil to developing other areas that can grow the economy.

Further, the Indian government has made major progress in its phase - out of fossil - fuel subsidies, of which the most important step has been a reduction of subsidies for imported oil, a shift that has accompanied the international collapse of oil prices.

The collapse of oil prices is one culprit — but the larger problem is that Canada's aging population is radically reshaping the country's fiscal destiny

What Oliver should have done was backtrack on Harper's pledge to balance the budget, recognizing that the collapse of oil prices would cause private investment to disintegrate.

The collapse of oil prices interrupted the growth of this part of Berg's business, but «it's coming back,» Berggren says.

Given the scars of the Great Recession, and the blow dealt Canada by the collapse of oil prices, there is a case to be made that the central bank should have left its benchmark interest rate at 0.5 per cent at least until headline inflation hit the two - per - cent target.

The Bank of Canada said nothing in public about the possible merits of deficit spending as it twice cut its benchmark interest rate last year to offset the collapse of oil prices.

The collapse of oil prices wiped out profits and killed the incentive to expand in the oil patch, and economic growth of less than 2 % offers little incentive for non-energy companies to expand.

All of this is feeding into the strongest economic growth Canada has seen since the collapse of oil prices in 2014.

These days, the biggest threat to the economy is the fallout of the collapse of oil prices.

When the Bank of Canada cut interest rates in 2015 to offset the collapse of oil prices, it was worried about more than a blow to gross domestic product; it was also thinking about what mass firings in the oil patch could mean for the financial system.

The Governing Council called the economy's adjustment to the collapse of oil prices «uneven» and that business investment and intentions to invest remain «disappointing.»

They saw the damage that would come from the collapse of oil prices long before Bay Street did.

Before branching out on his own, he was one of legendary investor Julian Robertson's first so - called tiger cubs, responsible for some big market calls during the 1990s such as the collapse of oil prices after start of the Persian Gulf War and the plunge in the British pound.

Canada still is coping with «material excess capacity» because of the collapse of oil prices.

The Bank of Canada cut interest rates in 2015 because the collapse of oil prices elevated the odds of missing the inflation target to an unacceptable level, trumping whatever concern policy makers had about financial stability.

Jason Kirby at Maclean's wrote about a fellow who foresaw the collapse of oil prices and now predicts future assessments of current data will show the U.S. was in a recession at the start of 2016.

The collapse of oil prices and Western sanctions have plunged the Russian economy into a death spiral.

But when policy - makers studied the data, their models foretold a dark future from the collapse of oil prices.

And now, the world is assuming that the tertiary effects — the collapse of oil prices and crises in secondary exporters like South Korea — can be managed.

Carolyn Wilkins, the No. 2 at the Bank of Canada, told me in an interview that Canada's housing market is trifurcated, or like a triple - layer cake: Toronto and Vancouver; Calgary and other places affected by the collapse of oil prices; and everywhere else, where housing prices are flattening out.

The ruble has lost about half its value since the start of the year because of the collapse of oil prices and Western sanctions over its actions in Ukraine.

Gross domestic product grew by 4.9 per cent in Alberta, with the oil - producing province recovering from two straight years of falling output following the collapse of oil prices.

The Budget does announce some very modest public investments which could, if scaled up, have given a boost to job creation this coming year when growth and job creation are expected to slow considerably due to the collapse of oil prices.

Last year it was 660,000 barrels was all the demand was — that was part of the collapse of the oil price.

How the collapse of oil prices is impacting the Canadian economy, and what policy makers at the federal and provincial level should do to ease the pain

Oil and gas viagra générique fiable exports account for 50 percent of its federal budget and 70 percent of export revenues before the collapse of oil prices in 2014.

Similarly concerning was their inability to foresee the 2014 collapse of oil prices that destabilized world markets.

Although shale producers are currently forced to cut production because of the collapse of oil prices, shale should remain a top priority for Japan's energy security policy.

A bigger test may await as the officials contend with the fallout from the collapse of oil prices.

In a speech dripping with nationalist fervor, President Buhari said the problems his administration found on the ground were many, as illustrated in collapse of oil prices, inability of 27 of the 36 states of the Federation to pay salaries, absence of savings to fall back and having to deal with an elite who didn't seem to care.

No one is blaming her for the collapse of oil prices in the international market but that after a cumulative 8 years as finance minister, public finance is so heavily dependent on oil that the Federal and state governments can not pay their workers» salaries says a lot about the quality of management she did.

The message from the central bank was that it could be «considerable time» before there is significant recovery from the collapse of oil prices that pushed the economy into a technical recession.

The economy never showed enough strength to go higher, and then the collapse of oil prices in 2014 forced current Governor Stephen Poloz to drop borrowing costs back to emergency levels in 2015.

The strong US dollar and the collapse of oil prices are partly to blame.

All the Gulf nations and their home airlines have been affected by the collapse of oil prices.

The collapse of oil prices could take some pressure off, as well.

However, the arrival of Thatcher and Reagan to power in 1979 and 1980 resulted in a collapse of oil prices over a six year period, destroying the demand for low energy buildings and destroying the fledgling renewable energy industry.

The period between the financial crisis of 2008 and the collapse of oil prices in late 2014 was characterised by high and seemingly stable oil prices.