Description: The global oil price rout has left many oil producers reeling across the world. From Canada to Norway, Saudi Arabia to Russia, none of the world’s largest oil exporters have been spared from oil prices that declined 45 per cent last year alone.
Date: Mar 30, 2016
Questions for discussion:
- What is the connection between oil prices, the treasuries of these countries and their GDPs?
- Do you think it likely that oil prices will rise sufficiently to stabilize the GDP in these countries?