Middle East Economic Survey


No 25


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...