Sentences with phrase «oil shocks affect»
There are many ways that oil shocks affect the economy, and none of them is good.
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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 drag from the oil price shock and related spillovers is gradually dissipating, and demand growth remains steady in less - affected regions.
The Canadians who have been affected by the oil shock deserve the government's attention, but their economic suffering does not alone make the case for a large national fiscal stimulus initiative.