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Oil Decline  a Boost
World Economy

Oil 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.

 

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