IMF report indicates the RECENT COLLAPSE in global OIL PRICE, will - TopicsExpress

IMF report indicates the RECENT COLLAPSE in global OIL PRICE, will bring a 0.3% - 0.7% BENEFIT to WORLD GDP GROWTH in 2015 :) - a thorough and interesting Report from IMF posted here. Oil prices have plunged recently, affecting everyone: producers, exporters, governments, and consumers. Overall, we see this as a shot in the arm for the global economy. Bearing in mind that our simulations do not represent a forecast of the state of the global economy, we find a gain for world GDP between 0.3 and 0.7 percent in 2015, compared to a scenario without the drop in oil prices.

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