Christine Lagarde: "It's Good News For Global
Economy"
12/3/20140 Comments
International Monetary Fund (IMF) Managing Director
Christine Lagarde arrives at a press briefing after the UN Chief Executive
Board's private session on the Ebola response in Washington, DC, November 21,
2014. PHOTO | AFP
In Summary
Oil prices have fallen sharply since late June, losing around 30 percent as supplies increase and global demand for oil grows more slowly.
Crude oil exporters "are taking a hit, for some of them it's a calculated hit," Lagarde said, in a reference to the Gulf producers like Saudi Arabia, which have been reticent to cut production to firm up prices.
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In Summary
Oil prices have fallen sharply since late June, losing around 30 percent as supplies increase and global demand for oil grows more slowly.
Crude oil exporters "are taking a hit, for some of them it's a calculated hit," Lagarde said, in a reference to the Gulf producers like Saudi Arabia, which have been reticent to cut production to firm up prices.
~~~
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WASHINGTON,
The plunge in oil prices since June may hurt some crude exporters but is overall a good thing for the world economy, International Monetary Fund Managing Director Christine Lagarde said Monday. "There will be winners and losers, but on a net basis it's good news for the global economy," she said in Washington |
 |
Oil prices have fallen sharply since late June, losing
around 30 percent as supplies increase and global demand for oil grows more
slowly.
While some exporters are hurting from the price fall, overall it will add significantly to global growth as consumers and businesses pay less for energy.
"It's likely to be an additional 0.8 percent (of growth) for most advanced economies, because all of them are importers of oil, whether you look at US, Japan, certainly Europe... and China," she said.
Crude oil exporters "are taking a hit, for some of them it's a calculated hit," Lagarde said, in a reference to the Gulf producers like Saudi Arabia, which have been reticent to cut production to firm up prices.
In October, the IMF cut its forecast for global growth this year to 3.3 percent and to 3.8 percent in 2015, citing stagnation in Europe and Japan and the slowdown in emerging economies.
Lagarde was speaking at a conference of corporate chief executives sponsored by the Wall Street Journal.
http://www.nation.co.ke/business/Oil-price-fall-good-news-for-world-IMF/-/996/2543382/-/kao1yz/-/index.html
IMF: Low Energy Prices Benefit Developing Countries
Christine Lagarde says the decline in the price of oil by 30% in the past few months, will achieve development by 0.8%, and will be a positive boost to the economies of developing countries.
Washington - said, "Christine Lagarde," Director General of the International Monetary Fund that the global decline of energy prices will reflect positively on the economies of developing countries, and will achieve comprehensive development in the global economy.
The "Lagarde" in her "Managers Council," which was organized by the newspaper "Wall Street Journal" in Washington, DC, that the decline in the price of oil by 30% in the past few months,
and the decline in price during the past five years, to the lowest level, will achieve development by 0.8%, and will be a positive boost to the economies of developing countries.
They noted, "Lagarde", the large negative vulnerability which would be his economies of oil-exporting countries such as Russia, in particular, Iran, Venezuela, and some African countries.
She explained, "Lagarde" that the US economy in the growth in 2015 by between 3.1 and 3.5%, while for the euro area said, "Lagarde," that lower oil prices will reflect positively,
especially after the euro loss for its value recently, calling on European politicians to speed up the procedure appropriate to the work of structural reforms.
The face-rich Gulf states oil, a situation worrying with the decline in world oil prices sharply since the month of June last, which may affect the financial capacity of these countries,
the huge financial surpluses If this decline continues for a long time, what would make them reluctant or at least think before embarking on providing new grants of any state.
The price of oil on world markets saw a decline since June last at a time when the price of a barrel of Kuwaiti crude has seen a decrease of about 33% of the price level of $ 100 a barrel mid-August / August last to the level of a boat $ 67 a barrel in trading Last Friday,
according to the advertiser of the Kuwait Petroleum Corporation for the price.
The prevailing differences between the members of the "OPEC" countries on reducing oil supplies to raise prices, which refuses to each cut production for fear of losing important income oil-related, and market share. announced Algeria, Venezuela readiness to reduce production, the event of a collective decision to do so.
http://www.eremnews.com/?id=85922
While some exporters are hurting from the price fall, overall it will add significantly to global growth as consumers and businesses pay less for energy.
"It's likely to be an additional 0.8 percent (of growth) for most advanced economies, because all of them are importers of oil, whether you look at US, Japan, certainly Europe... and China," she said.
Crude oil exporters "are taking a hit, for some of them it's a calculated hit," Lagarde said, in a reference to the Gulf producers like Saudi Arabia, which have been reticent to cut production to firm up prices.
In October, the IMF cut its forecast for global growth this year to 3.3 percent and to 3.8 percent in 2015, citing stagnation in Europe and Japan and the slowdown in emerging economies.
Lagarde was speaking at a conference of corporate chief executives sponsored by the Wall Street Journal.
http://www.nation.co.ke/business/Oil-price-fall-good-news-for-world-IMF/-/996/2543382/-/kao1yz/-/index.html
IMF: Low Energy Prices Benefit Developing Countries
Christine Lagarde says the decline in the price of oil by 30% in the past few months, will achieve development by 0.8%, and will be a positive boost to the economies of developing countries.
Washington - said, "Christine Lagarde," Director General of the International Monetary Fund that the global decline of energy prices will reflect positively on the economies of developing countries, and will achieve comprehensive development in the global economy.
The "Lagarde" in her "Managers Council," which was organized by the newspaper "Wall Street Journal" in Washington, DC, that the decline in the price of oil by 30% in the past few months,
and the decline in price during the past five years, to the lowest level, will achieve development by 0.8%, and will be a positive boost to the economies of developing countries.
They noted, "Lagarde", the large negative vulnerability which would be his economies of oil-exporting countries such as Russia, in particular, Iran, Venezuela, and some African countries.
She explained, "Lagarde" that the US economy in the growth in 2015 by between 3.1 and 3.5%, while for the euro area said, "Lagarde," that lower oil prices will reflect positively,
especially after the euro loss for its value recently, calling on European politicians to speed up the procedure appropriate to the work of structural reforms.
The face-rich Gulf states oil, a situation worrying with the decline in world oil prices sharply since the month of June last, which may affect the financial capacity of these countries,
the huge financial surpluses If this decline continues for a long time, what would make them reluctant or at least think before embarking on providing new grants of any state.
The price of oil on world markets saw a decline since June last at a time when the price of a barrel of Kuwaiti crude has seen a decrease of about 33% of the price level of $ 100 a barrel mid-August / August last to the level of a boat $ 67 a barrel in trading Last Friday,
according to the advertiser of the Kuwait Petroleum Corporation for the price.
The prevailing differences between the members of the "OPEC" countries on reducing oil supplies to raise prices, which refuses to each cut production for fear of losing important income oil-related, and market share. announced Algeria, Venezuela readiness to reduce production, the event of a collective decision to do so.
http://www.eremnews.com/?id=85922
Washington Post: Falling Oil Prices Contributing To The
Reform Of Global Economies
Washington: The Washington Post 'American view that the current decline in oil prices is draining millions of dollars from the coffers rich oil-exporting countries and oil companies to pump more aid needed by struggling economies in Europe and Japan, as well as consumers in the United States at the beginning of the peak shopping season .
The paper - in the context of a report posted on its website - that as a result of this decline may be one of the biggest shifts in the path of the rich countries throughout history, they are likely to reshape everything start to talk about Iran's nuclear program and even the policies practiced by the Bank US Federal Reserve to revive the US economy.
She noted that the decline in oil prices by 40% last week after reaching a peak in mid-June after the Organization of Petroleum Exporting Countries' OPEC 'vote constantly pumping oil at the same rate, and will expand the trend of the domestic energy supply US Altdh.utabat newspaper:'
The The question facing investors, companies and decision-makers is how to go low prices and for how long? Every day spared motorists $ 630 million of the price of gasoline compared to what they paid the price last June as they will receive a windfall estimated at $ 230 billion if prices continue at this low level for a year. '
The newspaper quoted Chairman of the Reserve Bank of the US Federal Reserve in New York, William Dudley said that despite the recent massive gains from natural gas and crude oil production, the United States is still a net importer of energy, and as a result, the decline in oil prices is beneficial for the US economy and should be a strong incentive to expenditures
Almsthlkin.oahar Dudley that, despite the low rate of inflation in oil prices, the Fed tends to display it on the basis that a quick impact Meridian will not inherent provisions change behind the policy ..
pointing out that the decline in prices may convince the Europeans and banks Japanese central to the implementation of further monetary easing in survival with lower oil prices.
For his part, told the World Economic Foundation Pkapittal Economics Andrew Kenningham that the size of the global Alaqsad will rise by between 5.0 to 1.0 percent due to lower Osaralinvt.orot American newspaper that the effects of the decline in oil prices is also evident in politics and Djiob.utabat say that with prices current contracted annual revenue of oil exporting countries by $ 590 billion, which is money that will remain instead in a greater range of oil importing countries, led by the borders of the United States, China and Japan.
http://www.washingtonpost.com/business/economy/2014/12/01/904984b2-7971-11e4-9a27-6fdbc612bff8_story.html
Washington: The Washington Post 'American view that the current decline in oil prices is draining millions of dollars from the coffers rich oil-exporting countries and oil companies to pump more aid needed by struggling economies in Europe and Japan, as well as consumers in the United States at the beginning of the peak shopping season .
The paper - in the context of a report posted on its website - that as a result of this decline may be one of the biggest shifts in the path of the rich countries throughout history, they are likely to reshape everything start to talk about Iran's nuclear program and even the policies practiced by the Bank US Federal Reserve to revive the US economy.
She noted that the decline in oil prices by 40% last week after reaching a peak in mid-June after the Organization of Petroleum Exporting Countries' OPEC 'vote constantly pumping oil at the same rate, and will expand the trend of the domestic energy supply US Altdh.utabat newspaper:'
The The question facing investors, companies and decision-makers is how to go low prices and for how long? Every day spared motorists $ 630 million of the price of gasoline compared to what they paid the price last June as they will receive a windfall estimated at $ 230 billion if prices continue at this low level for a year. '
The newspaper quoted Chairman of the Reserve Bank of the US Federal Reserve in New York, William Dudley said that despite the recent massive gains from natural gas and crude oil production, the United States is still a net importer of energy, and as a result, the decline in oil prices is beneficial for the US economy and should be a strong incentive to expenditures
Almsthlkin.oahar Dudley that, despite the low rate of inflation in oil prices, the Fed tends to display it on the basis that a quick impact Meridian will not inherent provisions change behind the policy ..
pointing out that the decline in prices may convince the Europeans and banks Japanese central to the implementation of further monetary easing in survival with lower oil prices.
For his part, told the World Economic Foundation Pkapittal Economics Andrew Kenningham that the size of the global Alaqsad will rise by between 5.0 to 1.0 percent due to lower Osaralinvt.orot American newspaper that the effects of the decline in oil prices is also evident in politics and Djiob.utabat say that with prices current contracted annual revenue of oil exporting countries by $ 590 billion, which is money that will remain instead in a greater range of oil importing countries, led by the borders of the United States, China and Japan.
http://www.washingtonpost.com/business/economy/2014/12/01/904984b2-7971-11e4-9a27-6fdbc612bff8_story.html
1 comment:
I wouldn't pay much attention to anything Ms. LeGarde says as she is a Cabal stooge, and thus will never tell the truth. What do you suppose her salary is? Whatever it is, she has nothing to worry about as long as she continues to carry the water for the Cabal.
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