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  3. Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in March, the price of crude oil

Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in March, the price of crude oil

admin2015-06-11  11
问题     Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in March, the price of crude oil has jumped to almost $26 a barrel, up from less than $10 last December.This near-tripling of oil prices calls up scary memories of the 1973 oil shock, when prices quadrupled, and 1979—1980, when they also almost tripled.Both previous shocks resulted in double-digit inflation and global economic decline.
    The oil price was given another push up this week when Iraq suspended oil exports.Strengthening economic growth, at the same time as winter grips the northern hemisphere ,could push the price higher still in the short term.
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答案 过去可怕的经济衰退的日子又要回来了么?自从欧佩克在3月份同意减产，原油价格已从去年12月的每桶不到10美元上涨到了26美元，攀升了几乎2倍。这使人想起1973年那次可怕的石油冲击(当时油价翻了两番)及1979年一1980年油价上涨的情况(那时也差不多涨了两倍)。这两次油价暴涨导致了当时两位数的通货膨胀率和全球的经济衰退。 这个星期油价因伊拉克停止石油出口又一次被抬升。由于经济快速增长，加上冬季对北半球的强大影响，因而油价在短时间内仍会上升。
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