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The plunging oil price - why and what it means

While worries may persist, at some point in the year ahead, a lower oil price will likely boost the economic growth of developed countries and benefit energy-importing nations in Asia

Shane Oliver

Published Sat, Feb 06, 2016 · 5:50 am
NEGATIVE IMPACT: Much recent corporate borrowing in the US and growth in investment has come from energy companies developing shale oil. They are now under pressure leading to worries of a default event and causing a fall in investment.

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