DUBAI (AFX) – A projected decline in oil prices, possibly sharpening by late 2004, should help underpin the global economic recovery, the International Monetary Fund (IMF) said in its semi-annual World Economic Outlook. Lower oil prices translate into lower industrial input costs, helping to drive economic growth. “There may well be an upside risk to…
MARKETS: IMF Meeting told oil price decline set to boost economic recovery
Posted on September 26, 2003 by EnergyAsia