Oil price fall harms growth

Kovac, Matt
January 2007
ICIS Chemical Business;1/15/2007, Vol. 2 Issue 49, p16
Trade Publication
The article reports on the harmful effect of the decreasing oil prices on the economic growth of oil producing countries. The National Bank of Abu Dhabi said that growth in the United Arab Emirates will slow down in 2007 because of lower oil prices and a widely anticipated cut in the Organization of the Petroleum Exporting Countries (OPEC) output. The bank also said that gross domestic product (GDP) growth will drop.


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