- If the oil price is around 10% higher than expected, it will have an impact on economic growth of less than 0.1% this year
- With these oil prices, the impact on economic growth is still relatively limited
- We cannot expect a double-dip recession in Europe
Elsewhere, Libya’s top oil official says almost half of the country’s oil output has been cut. Caused by departure of foreign oil workers. Oil installations are “well protected.” National oil corporation is still overseeing prodcution and exports.
