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The Medium‐Term Outlook
Publication year - 1985
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/j.1468-0319.1985.tb00801.x
Subject(s) - barrel (horology) , medium term , term (time) , economics , fragility , section (typography) , set (abstract data type) , oil price , macroeconomics , econometrics , monetary economics , business , computer science , geography , physics , archaeology , quantum mechanics , advertising , programming language , thermodynamics
In this section we describe our medium‐term forecast based on the assumptions about economic policy set out in section [2] above. We assume that oil prices remain at $26 per barrel over the medium term, with North Sea oil at $27 per barrel. Recent events have underlined the fragility of these assumptions. We explore the consequences of different oil prices, and different policy responses thereto, in our Focus, section [5] below.