Middle East Economic Survey


No 40


Current Oil Price Level Has Moderate Impact On World Economy, Says IMF

The International Monetary Funds (IMF) semi-annual World Economic Outlook predicts that current high oil prices would have a small impact on the world economy, even if the present level of prices is sustained for a year, and concludes that the negative impact of these prices appears moderate compared with the impact of the four previous oil price spikes that have...