UK: INDUSTRY COPES WITH FUEL CRISIS

Article Abstract:

Economists are surprised that the fuel crisis did not have a bigger impact on manufacturing industries and that they still continue to recover slowly. There has been a rise in output growth but a fall in employment, plus sales are lower due to the strength of the pound against the euro. The recovery of the euro will assist the recovery of the UK economy, but Britain has not yet reached a suitable degree of convergence with the eurozone.

Fuels, Manufacturing industry, Manufacturing industries, Energy policy, Fuel industry

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UK: FORECAST FOR ECONOMIC GROWTH

Article Abstract:

The accountants group, PricewaterhouseCoopers, has predicted that the UK economy will grow at 2.5% in 2001 with inflation forecast to stay at or below the target set by the government. However, the group said that the health of the UK economy could be seriously affected by rising oil prices, higher interest rates in the US and a stock market crash.

Finance

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WORLD: OIL PRICE PREDICTED TO FALL SIGNIFICANTLY

Article Abstract:

The rise in oil prices to a peak of US$ 37.50 per barrel in September 2000 was due mainly to speculation and the price should fall to a more realistic level over the next year, according to analysts at ING Barings. The price is currently US$ 30, but ING Barings believes it could fall to US$ 22 or less in 2001, helping to boost the world economy.

United States, PETROLEUM AND COAL PRODUCTS, Petroleum, Reports, Petroleum industry, ING Barings N.V., INGB

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