Last week, the price of Brent crude fell 11.9%. While this is a boost to consumers, it is likely to slow the development of the US oil industry which has been a significant driver of the USA’s economic growth.

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Last week, GE shares tumbled as the company desperately looks to sell assets to reduce its leverage. Low interest rates have encouraged companies to borrow and lower economic growth and rising borrowing costs going forwards will put pressure on weaker businesses.