Summary of Learning to Live with Cheaper Oil

Martin Sommer, Greg Auclair, Armand Fouejieu, Inutu Lukonga, Saad Quayyum, Amir Sadeghi, Gazi Shbaikat, Andrew Tiffin, Juan Trevino and Bruno Versailles

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Learning to Live with Cheaper Oil summary

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7 Overall

7 Importance

8 Innovation

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Recommendation

Low oil prices have brought profound and perhaps lasting changes to the economies of oil-producing countries in the Middle East and North Africa and in the Caucasus and Central Asia. According to regional experts at the International Monetary Fund, yawning budget deficits and slowing growth have replaced budget surpluses and economic expansion in these nations. getAbstract recommends this authoritative report on what’s next for these economies to executives, analysts and investors.

In this summary, you will learn

How low oil prices have affected the economies of oil-producing nations,
How these countries are making up for budget shortfalls and slower economic growth, and
Why encouraging private enterprise is increasingly critical in oil-dependent countries.

About the Authors

Martin Sommer et al. are members of the International Monetary Fund’s Middle East and Central Asia department.

Summary

New energy production in the United States, decelerating growth in China and recession in Russia, a strengthening dollar, increasing conflict across the Middle East, output restrictions by some nations, and rising Iranian oil exports have dimmed the fortunes of many oil producers. Affected economies...