NO. 52


World Bank Assesses Economic Impact Of Oil Price Increases

The following are excerpts from a World Bank report, dated 12 September1990, under the title "The Developing Countries and the Short-Term Outlookfor the Global Economy," which summarize the main conclusions of theBank's assessment of the potential impact on the world economy of oil priceincreases brought about by the Gulf crisis.

Recent events in the Middle East have changed the global economic environment...