Trésor-Economics No. 168 - Impact of the oil price decline on France and the global economy
After remaining consistently above USD 100 per barrel from 2011 through mid-2014, oil prices have plummeted by more than 70% since the summer of 2014. The decline was initially attributed to a combination of weaker than expected global demand for crude oil and an abundant market supply. Since mid-2015 however, world oil demand has been essentially in line with expectations, and the drop appears mo... Lire la suite