Middle East Economic Survey


No 43


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...