Moody’s sees little boost for global economy from lower oil
The investors service is not revising their global growth outlook, despite theories that the oil price will boost the economy
Today's lower oil prices are of course a pain in the derrick for oil-producing nations and oil companies alike, though they might’ve been expected to provide a much welcome boost for the world’s struggling economy. Not so, according to Moody’s Investors Service. In its latest Global Macro Outlook 2015-16, entitled Lower oil price fails to spur global growth and published on 11 February, Moody’s said that while reduced oil prices – whose fall to around $50-60 a barrel from a peak of $115/b in June 2014 is expected to continue throughout 2015 – should in principle provide a significant boost to global growth, among some net oil importers several factors will offset any windfall income gains fr
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
