Fiscal Strain and Deterioration in the Real Economies of Resource-Rich Countries Due to Weak Crude Oil Prices
First written in FY2017-Q2. 2 of 5 entries say "Restated". Latest entry: FY2024.
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- FY2024RestatedAnnual report
「Rising energy and resource prices and consumer prices, together with interest-rate hikes by central banks, mainly in Europe and the United States, affected the real economy」
Resource and consumer price inflation and monetary tightening continue to be cited as downside factors for the real economy. - FY2024-Q2RestatedAnnual report
「During the six months ended the second quarter, rising energy and resource prices and consumer prices, together with interest-rate hikes by central banks, mainly in Europe and the United States, affected the real economy and slowed the pace of economic recovery.」
Rising resource prices continue to be cited as a downside factor for the economy, with no material change in the previously identified risk of surging resource prices. - FY2022ReframedAnnual report
「Surging resource prices due to the Russia-Ukraine conflict」
Rather than deterioration in resource-rich countries due to previously sluggish crude oil prices, surging resource prices associated with the Russia-Ukraine conflict are cited as a downside factor for the economy, indicating a change in the direction of resource-price risk. - FY2020WorsenedAnnual report
「In India, economic activity has stagnated due to the impact of lockdowns implemented to contain the spread of COVID-19, and the decline in crude oil prices has also led to expectations of the suspension or postponement of development projects in the oil refining and petrochemical industries, which are key markets」
The decline in crude oil prices has become a specific risk through its potential to result in the suspension or postponement of projects in the oil refining and petrochemical industries, which are key markets. - FY2017-Q2First statedAnnual report
「In resource-rich countries, sluggish crude oil prices put pressure on public finances and worsened the real economy」
The impact of sluggish crude oil prices on the public finances and real economies of resource-rich countries was mentioned for the first time as a risk factor for the global economy.