(EnergyAsia, June 4, Wednesday) — High oil prices will slow down world trade and sharply boost inflation, posing a major threat to price stability and overseas manufacturing, according to a new report by CIBC World Markets. Low cost producer in China will lose their main competitive edge while manufacturers in North America, especially the US,…
MARKETS: High oil price will slow down world trade, boost inflation, says CIBC
Posted on June 3, 2008 by EnergyAsia