Conclusion It is clear that although the global recovery has started to gain momentum, particularly in the US and the UK, it is multispeed and there are a number of downside risks to the global economic growth outlook.
Although the slump in oil prices can be described as equivalent to a tax reduction of approximately $ – 1,5 trillion and is viewed by most analysts as net positive for global growth, the positive and negative shocks are asymmetric, and certain oilexporting countries will be severely affected should oil prices remain at current levels for an extended period of time.