World Economy

Oil Decline a Boost

Oil Decline  a BoostOil Decline  a Boost

The drop in oil prices will provide a net boost to the global economy while posing risks for energy-producing nations including Russia, International Monetary Fund Managing Director Christine Lagarde said, Bloomberg reported. “On a net-net basis, it is probably good for the global economy. The drop is a significant threat that is adding to their fragility and their vulnerability and they know it,” she said.