The Development Economics Group (DEC) increases understanding of development policies and programs by providing intellectual leadership and analytical services to the World Bank and the wider development community. DEC is the premier research and data arm of the World Bank.
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Crude oil prices are expected to be $37 per barrel in 2016 from $51 projected in October. This is partly due to sooner-than-anticipated exports by Iran, greater resilience in U.S. output, a mild winter, and weaker demand in emerging economies.