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LequteMan
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According to the International Monetary Fund (IMF), the fall in crude oil prices is positive for the global economy.
The IMF regards the recent oil price rout as a “shot in the arm” for the global economy, saying it could boost overall world economic growth by around 0.3% to 0.8%.
“Assuming we have a 30% decline (in oil prices), it’s likely to be an additional 0.8% (in economic growth) for most advanced economies, because all of them are importers of oil,” IMF managing director Christine Lagarde, told Reuters.
She particularly stressed on the positive impact on the United States, Japan and Europe, as well as China, which is the current global growth driver.
#Nigeria #Oil
The IMF regards the recent oil price rout as a “shot in the arm” for the global economy, saying it could boost overall world economic growth by around 0.3% to 0.8%.
“Assuming we have a 30% decline (in oil prices), it’s likely to be an additional 0.8% (in economic growth) for most advanced economies, because all of them are importers of oil,” IMF managing director Christine Lagarde, told Reuters.
She particularly stressed on the positive impact on the United States, Japan and Europe, as well as China, which is the current global growth driver.
#Nigeria #Oil
