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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

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.

WHILE our view on the financial market turmoil has been covered in the past, central banks are now sounding more dovish. This started with the European Central Bank, which is now expected to ease at its March meeting, and is also evident from the Fed, which last night was less positive on the...