Despite seven weeks of inventory withdrawals, the global oil market has failed to translate this effect into a sustainable and significant oil price increase. Doubts remain. As reported, OPEC production has edged up. The compliance rate among OPEC and NOPEC members of the Vienna deal, extended to March 2018, has fallen. US production has added more barrels to global production.
Gross Domestic Product (GDP) is, most certainly, an important yardstick for the economic performance of a country. Economists, policy makers, and central banks use GDP to gauge the health of the economy and direct fiscal and monetary policies to boost it.
Exclusive conversation with prof. Alessandro Pansa, Finance Professor at LUISS Guido Carli University, Rome and former CEO of Finmeccanica Group (now Leonardo SpA) the ninth-largest defence contractor in the world.