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Oil price rise not threat to global recovery: IMF

Posted on 08 November 2010

From Reuters: The International Monetary Fund does not see a rise in oil prices as a threat to the global economic recovery and will closely monitor a new round of U.S. policy easing, a senior IMF official said on Saturday.
“No, it seems that in the current environment the energy prices seem to be responding to strengthening growth certainly relatively close to a range that has appeared consistent with continued expansion in the global economy,” first managing director John Lipsky told reporters on the sidelines of a meeting of Gulf policymakers in Kuwait……………………………………….Full Article: Source


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