4% GDP growth thanks to cheaper oil

11.12.2014 15:34|Conotoxia.com

Author: finanse.wp.pl
Address: http://finanse.wp.pl/Nawet-ponad-4-wzrostu-PKB-dzieki-tanszej-ropie
Published: 11.12.2014

Falls of the oil prices are widely discussed lately. There are even conspiracy theories about the Americans co-operate with Saudic Arabia and use lower raw materials prices in order to pt pressure on Russia. However, instead of analyze these vague causes it is worth paying attention to the results which may be surprisingly positive.

(...) 40 per cent sell off of the crude oil shocked the global economy. It is not a surprise, then, that the main exporters of the most popular raw material may incur some serious losses. We learn ever single day about Russia being deeper and deeper wounded by the diving prices of the 'black gold'. However, there are not only the autorities at Kremilin who are surprused by lower income from the oil production.

Marcin Lipka, Cinkciarz.pl analyst

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