![Global Implications of Lower Oil Prices](/summary-img/25444-IRQEMVAW.jpg?h=M&b=0)
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Many observers believed the massive drop in oil prices that began in mid-2014 would have a significant positive impact on the world economy. Instead, experts have adjusted global growth forecasts downward for 2015–2016. In a new era of low oil prices, both winners and losers will emerge, and countries must adjust their policies accordingly. This comprehensive and accessible report from a multidisciplinary team of economists at the International Monetary Fund offers readers a solid grounding in the shifting dynamics of energy prices. getAbstract recommends this informative text to energy producers and energy consumers everywhere.
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About the Authors
Aasim M. Husain et al. are economists with the International Monetary Fund.
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