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December 2014 - OIL PRICE: ONE’S LOSS, ANOTHER’S GAIN

Against the backdrop of a difficult pick-up in activity in developed countries and a slowdown in emerging countries, the oil price has fallen by more than 40% in six months, whereas it remained stubbornly around $110/barrel for more than 3 years. This decline, combined with accommodative monetary policies, would bolster the activity of developed countries but it is problematic for some producer countries.

ScenarioEco - December 2014