Middle East Economic Survey


No 22


Crude Price Rises Spur Debate On Risk To Global Recovery, Says Merrill Lynch

The recent rise in crude oil prices to more than $60/B has spurred debate about risks to the global economic recovery, Merrill Lynch said in its 22 May Global Economic Weekly report. The firms research unit said it had concluded that as long as oil prices did not rise significantly above $80/B, they would not jeopardize an economic recovery in the second half of the...