Middle East Economic Survey

VOL. XLVII

No 46

15-November-2004

OIL PRICES

WTO, World Bank Differ On Impact Of High Oil Prices On Global Economy

Speaking in Asia last week, senior World Trade Organization (WTO) and World Bank officials expressed somewhat different views on the impact of high oil prices on world economic growth.

According to AFP, WTO head Supachai Panitchapakdi told the Businessweek CEO Forum in Beijing on 9 November that rising oil prices may not have a major negative impact on world...