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Low oil prices could boost spending later, analysts say
Cheaper energy may free consumer funds for later spending as oil sinks to 12 year lows and gasoline hits new lows. Economists caution timing and pace, noting offsetting drilling cuts and saved money. They project modest U.S. growth and mixed regional impacts.
MENTIONED IN THIS ARTICLE
Washington, D.C
United States
Europe
Asia
Sara Johnson
IHS Global Insight
AAA
U.S
Scott Hoyt
Moody’s Analytics
China
Brazil
Barclay’s
Citi
Nawaz Sharif
Pakistan
Davos
Switzerland
Choi Kyung-Hwan
South Korea
Choi
Kevin Liles
Cornelio Bonilla
Best Food Mart
Gainesville
Georgia