OECD ministers "worried by oil prices" - Persson
The Local · 4 May 2005, 09:25
Published: 04 May 2005 09:25 GMT+02:00
"Concern was raised... over the impact that unstable oil prices has on energy investment patterns," Persson told reporters after the first day of the meeting.
He said ministers were also worried by global imbalances, widening deficits and weak economic growth.
"On the economic side, many ministers pointed to the problems of persisting external and internal imbalances and the need for a better distribution between growth and savings," he said.
"Many recognised that fiscal deficits as well as weak economic development remain key challenges," he said.