Energy
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$1.1tr Stimulus from Oil Plunge

$1.1tr Stimulus from Oil Plunge$1.1tr Stimulus from Oil Plunge

The lowest oil price in four years will provide stimulus of as much as $1.1 trillion to global economies, according to the banking and financial services company Citigroup Inc. Savings will climb to $1.1 trillion annually as the slide cuts costs of other commodities, leaving consumers and companies with extra cash to spend and bolstering growth, Bloomberg reported.

 

Financialtribune.com