Middle East Economic Survey

VOL. XLVIII

No 25

20-June-2005

G8 Ministers Warn That High Oil Prices Threaten Growth

Group of Eight finance ministers meeting in London on 10-11 June said that global economic growth was expected to continue to be robust in 2005, although at a more moderate pace than in 2004. Among challenges to continued economic growth they identified high and volatile oil prices. A communiqué issued at the end of the meeting said: Sustained high energy prices are of significant...