Middle East Economic Survey

VOL. LIV

No 35

29-Aug-2011

CGES Warns That High Oil Prices Are Damaging The Global Economy

High oil prices are damaging economic recovery in a number of ways, the London-based Centre for Global Energy Studies (CGES) said in the latest issue of its Monthly Oil Report, released on 22 August. It added that the impact of rising oil prices on inflation is two-fold, for not only do fuel prices rise, but so do the prices of foodstuffs and manufactured goods. CGES said...