Oil and the economy – infographic

Posted on 6 Feb 2015 by Tim Brown

Oil prices have plunged more than 50% since June and economists believe the falling prices should be a boon to the overall economy and lift GDP growth 3% in 2015.

Meanwhile, the US economy has continued to perform well, with the fourth-quarter GDP estimated at 2.6% but somewhat down from the remarkable 5% achieved in third-quarter.

Oil and the economy infographic