Will the falling oil price mean austerity for Malaysia?
By Tim Niklas Schoepp
January 2015 PENANG ECONOMIC OUTLOOK
The recent decline of the oil price – and therefore an increase in oil price volatility – have created a particularly uncertain forecasting environment that cannot be overlooked when attempting to forecast the economic outlook for 2015.With the oil price falling more than 40% since June from US$115 a barrel to, as of press time, below US$70 a barrel, the US Energy Information Agency (EIA) again cut its crude price forecasts for 2015 after the Organization of Petroleum Exporting Countries'...
Tim Niklas Schoepp
is a visiting analyst in Economics at Penang Institute.
