Having proved resilient throughout the recent recession compared to other sectors, the energy industry has the potential to be a key engine of economic growth and recovery, according to a new study by..
Having proved resilient throughout the recent recession compared to other sectors, the energy industry has the potential to be a key engine of economic growth and recovery, according to a new study by IHS CERA and the World Economic Forum. The report provides a framework for understanding the larger economic role of the energy industry at a time when issues of employment and investment are so critical in a troubled global economy, its authors said.
The report examines the industry’s role as a driver of investment and job creation, as well as energy’s importance as the key input for most goods and services in the economy. Fig. 1 shows the energy sector’s share of business-sect
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