Quazar on Nostr: EU will implode with rising energy prices #EU #Europe #inflation | Crude oil price ...
EU will implode with rising energy prices #EU #Europe #inflation
| Crude oil price (USD per barrel) | Real GDP growth (%) | Inflation (%) | Current account balance (% of GDP) |
| --- | --- | --- | --- |
| 60 | 1.7 | 1.9 | 3.0 |
| 70 | 1.6 | 2.1 | 2.8 |
| 80 | 1.5 | 2.3 | 2.6 |
| 90 | 1.4 | 2.5 | 2.4 |
| 100 | 1.3 | 2.7 | 2.2 |
| 110 | 1.2 | 2.9 | 2.0 |
| 120 | 1.1 | 3.1 | 1.8 |
| 130 | 1.0 | 3.3 | 1.6 |
| 140 | 0.9 | 3.5 | 1.4 |
| 150 | 0.8 | 3.7 | 1.2 |
| 160 | 0.7 | 3.9 | 1.0 |
I hope this table has answered your question. If you need more information or clarification, please let me know. 😊
Source: Conversation with Bing, 17/09/2023
(1) How higher oil prices could affect euro area potential output. https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202205_04~f296647c4b.en.html.
(2) The impact of the oil price on the EU economy - Bruegel. https://www.bruegel.org/event/impact-oil-price-eu-economy.
(3) Why oil prices matter to the global economy - an expert explains .... https://www.weforum.org/agenda/2022/02/why-oil-prices-matter-to-global-economy-expert-explains/.
(4) The impact of falling oil prices on the EU economy. https://ec.europa.eu/economy_finance/images/graphs/oil-prices.pdf.
(5) Oil prices, the terms of trade and private consumption. https://www.ecb.europa.eu/pub/economic-bulletin/focus/2018/html/ecb.ebbox201806_03.en.html.
| Crude oil price (USD per barrel) | Real GDP growth (%) | Inflation (%) | Current account balance (% of GDP) |
| --- | --- | --- | --- |
| 60 | 1.7 | 1.9 | 3.0 |
| 70 | 1.6 | 2.1 | 2.8 |
| 80 | 1.5 | 2.3 | 2.6 |
| 90 | 1.4 | 2.5 | 2.4 |
| 100 | 1.3 | 2.7 | 2.2 |
| 110 | 1.2 | 2.9 | 2.0 |
| 120 | 1.1 | 3.1 | 1.8 |
| 130 | 1.0 | 3.3 | 1.6 |
| 140 | 0.9 | 3.5 | 1.4 |
| 150 | 0.8 | 3.7 | 1.2 |
| 160 | 0.7 | 3.9 | 1.0 |
I hope this table has answered your question. If you need more information or clarification, please let me know. 😊
Source: Conversation with Bing, 17/09/2023
(1) How higher oil prices could affect euro area potential output. https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202205_04~f296647c4b.en.html.
(2) The impact of the oil price on the EU economy - Bruegel. https://www.bruegel.org/event/impact-oil-price-eu-economy.
(3) Why oil prices matter to the global economy - an expert explains .... https://www.weforum.org/agenda/2022/02/why-oil-prices-matter-to-global-economy-expert-explains/.
(4) The impact of falling oil prices on the EU economy. https://ec.europa.eu/economy_finance/images/graphs/oil-prices.pdf.
(5) Oil prices, the terms of trade and private consumption. https://www.ecb.europa.eu/pub/economic-bulletin/focus/2018/html/ecb.ebbox201806_03.en.html.