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Article: News Analysis: European economists say high oil prices alone not tohinder economic growth

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Xinhua News Agency
Article date:
August 11, 2004
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News Analysis: European economists say high oil prices alone not to hinder economic growth

VIENNA, Aug. 11 (Xinhua) -- As oil prices have broken one record after another on the international market, economists in Europe have divided views on how the high prices will affect the world economy, with many saying the rising oil prices alone could hardly hinder world economic growth.

Oil prices of the Organization of Petroleum Exporting Countries (OPEC) have exceeded 40 US dollars per barrel, the Vienna-based OPEC Secretariat said Tuesday. Meanwhile, oil futures on the New York Mercantile Exchange hit a fresh record just short of 45 dollars per

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