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G20 Economic Forecast: GDP growth, Inflation, Unemployment, Government Debt, Current Account Balance
Changes of world crude oil price have always been in the focus of economic and financial news. The higher crude oil prices are, the more positive is the economic outlook for petroleum exporters. On the contrary, countries dependent on petroleum imports suffer from high energy prices.
In October 2014 The World Bank released its Commodity Forecast, which predicts that world crude oil price will fall from $104/barr. in 2013 to $101.5/barr. in 2014 and to $96/barr. in 2015. According to Commodity Price Forecast from IMF released in Jan. 2015, spot average price fore crude oil will fall from $96.3/barr. in 2014 to $56.7/barr. in 2015.