Select a person from the recent news from the list below,
or use Advanced Search to find older articles

(Enter last name only) go
CLOSE THIS PANEL
People from the recent news.
CLOSE THIS PANEL

Select a company in the recent news from the list below,
or use Advanced Search to find older articles

go
go
CLOSE THIS PANEL
Companies from the recent news.
CLOSE THIS PANEL

Send to a friend.


Seperate email addresses with a coma ( , )




NEWS

7:04 AM, 25 Jul 2008

Oil price slide indicates growing concern about a slower-China syndrome

Abstracted from The Age


While the 14% fall in oil prices in July may generate relief for some, the economic factors leading to the drop will alarm many. If the decline is being driven by hedge funds and short term investors affecting the speculative price overlay, the result will be good for Australia and its inflation issues. However, if a slowdown in global demand is behind the falling oil price, there is much more to be concerned about. Demand from wealthy countries has fallen 0.5% annually since 2005, and is expected to decrease by 0.9% in 2008. Developing economies increased demand by 3.8% in 2007. China appears to be easing off, as the Chinese Government is attempting to curb economic growth, which currently sits a 10%. A slowdown to below 9% would be catastrophic for prices in Australia's oil and resources sectors

Distributed by News Bites. © Lexis-Nexis


Share This Story
Digg This Add to Propeller Facebook Add To Reddit Add To Del.icio.us