A European Economist's Perspective on the Global Economy
October 10, 2006
Dr. Daniel Thorniley, senior global consultant of the Economist Corporate Network in Vienna, Austria, presented Global Business Outlook" at the recent target='_blank"'>European Power Transmission Distributors Association annual meeting in Austria. Thorniley is a senior consultant to about 250 corporations including Dow, Dupont, Glaxo SmithKline, Henkel and SKF. Some of the more interesting observations gleaned by MDM Editor Lindsay Young:
The price of oil has fallen, and now stands about twice the price of a couple years ago. Oil on average will be $65/barrel in the next two years.
Commodity prices will not fall, but will rise from 1-5 percent ...