Published on Thursday, April 21, 2016 | Updated on Thursday, April 21, 2016

The current account balance and the oil price shock

The slump in oil and other commodity prices since mid-2014 is having an important impact on the current account balances (CAB) across the World. While the cyclical effects are already affecting the short-term financing needs of oil exporters in particular, the structural or permanent effects of the lower oil prices will affect countries’ structural balances as well.

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