• Oil spikes to its highest level in almost 4 years as Iran sanctions loom

    8 monthes ago - By Chron

    Raheb Homavandi/Reuters
    US crude inventories rose by the most in a year last week.
    But markets are focused on oil sanctions against Iran that take effect next month.
    Watch oil trade in real time here.
    Oil prices rallied to near four-year highs Wednesday, erasing earlier losses as markets weighed the largest rise in US crude inventories this year against looming oil sanctions against Iran.
    Brent, the international benchmark, rose more than 1.5% to nearly $86 per barrel. West Texas Intermediate gained nearly $2 a barrel to trade above $76. Prices had tumbled in earlier trading after the...
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  • Lasting Effects: The Global Economic Recovery 10 Years After the Crisis

    Lasting Effects: The Global Economic Recovery 10 Years After the Crisis

    8 monthes ago - By iMF Direct

    By Wenjie Chen , Mico Mrkaic , and Malhar Nabar
    October 3, 2018
    Woman cleaning in Berlin, Germany: the 2008 global financial crisis has had long-lasting effects on economic growth
    In the year following the 2008 financial crisis, economic activity declined in half of all countries in the world. Our analysis in Chapter 2 of the October World Economic Outlook shows that in many countries output is still well below levels that would have prevailed had output followed its precrisis trend.
    Moreover, there are also signs that the crisis may have had lasting effects on potential growth...
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