| Oil prices have been tumbling in recent weeks. The price of brent crude fell below $80 per barrel today for the first time in since September 2010. That's down from around $115 earlier this summer.
A research note from Societe Generale's Michala Marcussen takes a look at the possible effects of a drop in oil prices on the world economy. She plugged a sustained $20/barrel drop in oil prices into Britain's National Institute of Economic and Social Research's NiGEM software, a sophisticated global macroeconomic model, and saw what would happen to global GDP in the following years...............................................Full Article: Source
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