日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

High oil prices add uncertainty to future world economy

(Xinhua)
Updated: 2008-01-04 22:47

For developed economies, the sub-prime mortgage crisis has triggered a lack of financial fluidity. To avoid further turbulence on the financial market, the US Federal Reserve (Fed) and the European Central Bank had to lower interest rates or stop raising interest rates in order to stimulate fluidity. However, high oil prices pose pressure for potential inflation, which will put western central banks in a dilemma on whether to increase or decrease interest rates.

Related readings:
 $100 oil might not hit China severely
 More oil futures products needed
 Oil edges back toward $100 mark
 Crude oil prices to continue surging
 Oil prices ease after hitting $100

In spite of that, many analysts believe that a surging oil price now won't be as destructive to the world economy as in the past, as western economies such as the US have greatly reduced their reliance on oil in the last 30 years.

"The percentage (of personal income spent on energy) was far higher in 1979-80 than it is now," said Kay Smith, a macro-economist at the Energy Information Administration.

In 1981, 14 to 15 percent of the nation's gross domestic product was spent on energy, according to Lester Lave, professor of economics at Carnegie Mellon University's Tepper School of Business. That has fallen to seven percent today.

"So far, consumers have done an amazing job of ignoring high oil prices," said David Wyss, chief economist at Standard & Poor's.

The Daily Telegraph newspaper in Britain pointed out that in recent years the relationship between oil and the wider economy has been "out of whack" for some time. The ten-fold increase in oil prices in recent years has shown its lack of broader impact on the world economy, the paper said.

However analysts' opinions on the effect of surging oil prices on the global economy may differ, its psychological impact on global investors cannot be underestimated. On the New York Stock Exchange, the Dow Jones industrial average, the Standard & Poor's 500 Index, and the Nasdaq Composite Index all plunged on January 2, due to the upthrust of oil prices above the 100-dollar threshold. On January 4, the 225-issue Nikkei Stock Average on the Tokyo Stock Exchange also plummeted.

If investors' panic caused by high oil prices is difficult to erase, the global financial market may witness more turbulence in the new year, analysts fear.

   1 2   


Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 91久久婷婷 | 亚洲免费福利 | 一级黄色性生活片 | www.av视频 | 九九热re | 99久99| 亚洲国产网站 | 免费一级片视频 | 欧美日韩在线一区二区三区 | 国产精品久久久久久在线观看 | 久久久久久穴 | 在线免费观看黄网站 | 亚洲最新偷拍 | 特黄aaaaaaaaa真人毛片 | 欧美在线一区二区 | 伊人55| 99少妇| 日韩一区二区av | 一区二区精品在线 | 日日摸日日干 | 日韩亚洲一区二区 | 亚洲深夜视频 | 亚洲视频免费 | 神马久久久久久久久久久 | 色多多网站 | www激情| 日韩一级片在线观看 | 婷综合| 在线播放国产精品 | 欧美爽爽爽 | 午夜免费视频 | 天天精品综合 | heyzo加勒比jav素人 | 亚洲另类春色 | 95国产精品 | 国产视频一区二区三区四区五区 | 男人的天堂网页 | 在线免费观看成年人视频 | 97超碰在线播放 | 欧美日韩国产第一页 | 精品国产视频 |