The economic benefits that have accrued from cheaper oil could 
easily reverse in the future if prices spike again. Photo: AP
The economic benefits that have accrued from cheaper oil could easily reverse in the future if prices spike again. Photo: AP
David Brown
Opinion

Opinion

Macroscope by David Brown

Positive spin given to global economic outlook by WTO, IMF isn't justified

The aftermath of austerity cuts combined with deflation and corporate restructuring cast long shadows over sentiment and growth potential

The economic benefits that have accrued from cheaper oil could 
easily reverse in the future if prices spike again. Photo: AP
The economic benefits that have accrued from cheaper oil could easily reverse in the future if prices spike again. Photo: AP
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