Middle East Economic Survey
VOL. XLVII
No 49
6-December-2004
OIL PRICES
High Oil Prices Hit Personal Income But Industrial Economies To Grow Above Trend, Says OECD
While personal incomes in OECD countries have been depressed lately because of the high oil prices, the fact remains that western industrial economies will regain momentum with growth trends in the next two years above normal trends, according to the twice-yearlyOECD Economic Outlook published last week.
The report states that although...
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