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Falling oil prices a “double-edged sword” for economy

Posted on 06 January 2009

From Londonstockexchange.com: Plummeting global oil prices could provide a vital boost to the UK economy over the next three years, but their decline may still prove a “double-edged sword”, a new report has warned.

The forecast from the Ernst & Young Item Club says a fall in the cost of the commodity will be “one of the few bright spots” for British consumers this winter, as it will lead to lower production costs for industry and eventually, lower prices on the high street….. Full Article: Source


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