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The Organisation of Petroleum Exporting Countries (OPEC) has cut down its forecasts on economic growth for 2011 and 2012 as a result of global economic uncertainties including the ineffectiveness of the United States’ stimulus packages.
The Organisation in its latest publication – OPEC Bulletin, cited the global economic uncertainties as the reason for the downward review of its economic growth forecasts for this year and next year………………………………………Full Article: Source
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Commodities Briefing - Categorized | Market Pulse, Oil more
OPEC marks down economic forecasts on uncertainties
| Posted on 25 October 2011 |
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