World Economic Review, Global Economic Review

By: EconomyWatch   Date: 30 June 2010

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As per latest world economic review there has been an increase of 6.4 percent in prices of oil. Global economic review suggests that this has happened owing to an announcement of deductions in supply by United Arab Emirates, which is among major oil and gas producing countries.

According to latest economic review of world prices of oil are down by more than a $100. In recent times highest price of oil has been $147 – a mark that was reached in July 2008. According to detailed economic review in world prices of oil are $45.22 per barrel and there has been an increase of $2.72.

However, in depth economic review at world level by leading economists suggests that prices of oil would not go beyond a certain limit as most world economies are still recuperating from aftereffects of global financial recession.

Much of this limited increase in prices of oil, as per economic review for world, could be attributed to slow economic growth of various countries around globe. Fact also remains that most companies and common consumers have cut down on their usage of energy resources to a significant extent in recent times owing to uncertainty in global financial scenario.

As per financial experts’ world economic review newest housing benefit program initiated by Barack Obama would not be able to help all sectors of economy of United States of America. They have opined that even though this program adopts a very all-encompassing approach vis-à-vis various sectors of national economy it would, unfortunately, be unable to cater to all sections of American economy.

This program is supposed to provide benefits to borrowers of house loans with poor credit records and thus, very little prospect of getting a loan. They would be provided loans at low rates. However there have been other opinions as per new world economic review regarding this program.

It has found support from several quarters and has been called a major step that has been taken in a proper direction. It is estimated that this move would be able to reinstate lost confidence among house owners in United States of America. Latest world economic review has also confirmed that stocks in United States of America have been going down in spite of a number of financial packages announced by Barack Obama.


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