VOL. XLVII

No 17

26-April-2004

OPEC

IMF Concerned About Impact Of Oil Supply Conditions On Global Economy

The International Monetary Fund (IMF) has warned that the global economic recovery could be undermined in the short-term by high oil prices. In the press conference following the presentation of its April 2004 World Economic Outlook, IMF Economic Counsellor and Director of the Research Department Raghuram Rajan said that oil prices will affect global growth if they are sustained or increase...