Here’s What The New Era Of Cheap Oil Means For The World’s Major Economies Brent crude oil prices hit a four-year low in November of $77.83, and Credit Suisse believes sub-$100 prices are here to stay for at least the next three years. What does the sudden and sharp decline portend for the world economy? Generally speaking, falling crude oil prices are an importing economy’s paradise and an exporter’s inferno. But the macroeconomic ripple effects are a bit more complicated. The United States and Malaysia, for example, are both importers and exporters, meaning that the same macroeconomic trend that benefits ordinary consumers and retailers can be a headwind for energy production and have mixed effects on overall GDP. In emerging markets, countries that subsidize fuel are affected differently than those that do not. To sort it all out, Credit Suisse has detailed what low oil prices mean […]