The current account balance and the oil price shock
Published on Thursday, April 21, 2016 | Updated on Thursday, April 21, 2016
The current account balance and the oil price shock
Summary
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.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Macroeconomic Analysis
- Country Risk
Authors
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data
Alfonso Ugarte
BBVA Research - Principal Economist