Middle East Economic Survey

VOL. XLVIII

No 43

24-October-2005

G20 Countries Stress Economic Risks From High Oil Prices

The Group of 20 most industrialized and largest developing countries on 16 October called for stable oil prices and a stable supply of energy at the conclusion of their two-day meeting near Beijing in China. We are concerned that long-lasting high and volatile oil prices could increase inflationary pressures, slow down growth, and cause instability in the global economy, they said...