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Economics

Santa's bargains

BY BENJAMIN ONG | MONDAY, 15 DEC 2014 9:50AM

Cheaper oil prices would act as a countervailing factor to the present weakness in global growth. Global growth would not weaken as a result of cheaper oil. Think the oil price shock of the 70's and 80s and the high inflation and recession that followed.

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Read more: Brent, Yes, Crimea, International Energy Agency, ISIS, New York Sun, OPEC, Putin, Suhail Al-Mazrouei, UAE, Ukraine, US Federal Reserve, WTI

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