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Economic News TodayThis paper reviews how oil prices affect the macro-economic system and assesses quantitatively the extent to which the economies of OECD and creating international locations remain vulnerable to a sustained period of higher oil prices. I have chosen this topic as a result of airline trade within the financial system of any nation plays very important role and each financial system within the World dependent on the Fuel largely and the rise in the gasoline prices impacting the selections of the nations and this topic I suppose have to be addressed. It summarizes the findings of a quantitative exercise carried out by the IEA in collaboration with the OECD Economics Department and with the help of the International Monetary Fund (IMF) Research Department. That work constitutes the most up-to-date evaluation of the impression of higher oil prices on the worldwide economy.Economic News Today

And they meant it, and the folks over these …