Macroeconomics
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Fall in price of crude will be ‘horrible’ for North Sea - FT.com

Fall in price of crude will be ‘horrible’ for North Sea - FT.com | Macroeconomics | Scoop.it
Sir Ian Wood, the Aberdeen-based billionaire and energy industry veteran, has given warning that tumbling oil prices will have a “horrible effect” on North Sea prospects. Sir Ian urged ministers to act urgently on proposed tax reforms to avoid
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Reading in preparation for Oxbridge session Thursday 22nd Jan 2015

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Recession in Russia, revolt in Venezuela? The knock-on effects of tumbling oil prices

Recession in Russia, revolt in Venezuela? The knock-on effects of tumbling oil prices | Macroeconomics | Scoop.it
Sudden slump in price of crude – now at its lowest for four years – sends tremors through capitals of the world’s great oil powers. A look at the economic and geopolitical implications of $80 oil
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Reading in preparation for Oxbridge session Thursday 22nd Jan 2015

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Eurozone Inflation Rate Dips, Stirring Deflation Fears - New York Times

Eurozone Inflation Rate Dips, Stirring Deflation Fears - New York Times | Macroeconomics | Scoop.it
Prices in Europe continue to rise at rates so low they pose an economic threat, while high unemployment continues to be a problem.
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This article highlights the variation in unemployment rates across the European Union.   Why do you think some countries in the EU have managed to recover from the global financial crisis in 2008-9 more quickly than others?

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Greece jobless rate hits new record

Greece jobless rate hits new record | Macroeconomics | Scoop.it
The jobless rate in Greece reached a record high of 28% in November, according to newly released government figures.
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Greece's economy is heavily dependent on tourism.  As a result, the continued slow economic growth in other European countries will continue to put pressure on the Greek economy.

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Falling oil prices: Winners and losers

Falling oil prices: Winners and losers | Macroeconomics | Scoop.it
Falling oil prices mean energy exporters are losing revenue while consumers in importing nations are paying less for their energy.
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Reading in preparation for Oxbridge session Thursday 22nd Jan 2015

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Stakes are high as US plays the oil card against Iran and Russia

Stakes are high as US plays the oil card against Iran and Russia | Macroeconomics | Scoop.it
Larry Elliott: Washington is trying to drive down prices by flooding the market with crude but risks collateral damage to its own shale industry
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Reading for Oxbridge session Thursday 22nd Jan 2015

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U.K. Unemployment Falls to Lowest Level Since Start of Financial Crisis

U.K. Unemployment Falls to Lowest Level Since Start of Financial Crisis | Macroeconomics | Scoop.it
Unemployment in the U.K. fell further than expected in August and reached its lowest level since the start of the financial crisis, but Britons are still not feeling the recovery in their pockets.
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This article from the Wall Street Journal highlights that despite falling unemployment levels in the UK, workers still face a 'cost of living' crisis - as a result of slow wage growth.  What might explain this slow growth in wages?

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Spain youth unemployment reaches record 56.1%

Spain youth unemployment reaches record 56.1% | Macroeconomics | Scoop.it
Number of young Spaniards belonging to 'lost generation' is up 2% since June, despite government claims that the worst is over
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Spain's unemployment is an example of demand-deficient or cyclical unemployment.  The key question is how the Spanish government can stimulate economic growth when it is also having to follow a path of fiscal austerity.

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