July 31, 2018/OilPrice.com – U.S. energy expenditures fell for the fifth year in a row in 2016, falling by 9 percent to about $1 trillion. – Total expenditures on energy were the lowest since 2003. – At 5.6 percent, it was the lowest percent of GDP spent on energy, adjusted […]
World News
IMF Names Rhoda Weeks-Brown General Counsel, Director Legal Department
July 30, 2018/IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today announced her intention to appoint Rhoda Weeks-Brown as the IMF’s General Counsel and Director of the Legal Department. Ms. Weeks-Brown succeeds Mr. Sean Hagan whose retirement was announced previously. She is expected to begin her […]
Trade War Escalation Would Knock 0.4% off World Growth
July 30, 2018/Fitch Ratings An escalation of global trade tensions that results in new tariffs on USD2 trillion in global trade flows would reduce world growth by 0.4% in 2019, to 2.8% from 3.2% in Fitch Ratings’ June 2018 “Global Economic Outlook” baseline forecast. The US, Canada and Mexico would […]
