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- U.S. businesses brace for oil investment downturn: Kemp
- Oil and gas producers accounted for almost $1 in every $8 of new business investment in the U.S. economy in 2013, according to new data published by the Census Bureau.
- In terms of comparative statics, the U.S. economy will eventually be better off as a result of the plunge in oil and gas prices. But in dynamic terms, the transition from oil and gas-led investment to other forms of consumer spending and investment is likely to be painful.
Anu
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