Middle East Economic Survey
VOL. LII
No 22
1-Jun-2009
Crude Prices Played Role In Economic Downturn, Says IEA
The run-up in oil prices in the period 2003 to mid-2008 arguably played an important, albeit secondary, role in the sudden, sharp and synchronized economic downturn that took hold in 2008, the International Energy Agency (IEA) said in the report The Impact of the Financial and Economic Crisis on Global Energy Investment, released on 24-25 May during the G8 Energy Ministers meeting in...
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