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US: end of the oil boom = less growth
In the decade following the financial crisis, the shale oil industry enjoyed a real boom in the US. On average, this contributed 0.2 points to annual GDP growth, i.e. 10% of the total - and even 0.3 points or 15% excluding the 2014-2015 oil crisis. Despite productivity gains and a lowering of breakeven, this sector continues to generate losses, so companies are moderating their investments. At best, the sector's contribution to growth is expected to reach zero in 2020. This goes ...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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