SUBSCRIBERS
Lower oil prices failing to bring usual benefits to US economy
JPMorgan Chase estimates price fall may have cut 0.3 of a percentage point off growth rate
Add BT as a preferred sourcePublished Fri, Jan 22, 2016 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
IT HAS been a truism of the US economy for decades: When oil prices rise, the economy suffers; when they fall, growth improves. But the drop in oil prices in the last two years has failed to deliver the usual economic benefits.
As oil prices fell to levels not seen since 2003 - sagging below US$27 a barrel on Wednesday before rebounding to about US$30 on Thursday - many pundits now say they do not expect lower prices to bolster the US economy significantly in 2016.
Share with us your feedback on BT's products and services
