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2 Dec 2014
Lower energy prices good news for the global economy says IMF chief – Investec
FXStreet (Barcelona) - The Investec Research Team cites IMF Chief Christine Lagarde’s comments that the lower energy prices will help boost economies in the US and across much of the globe.
Key Quotes
“After London trade, International Monetary Fund (IMF) chief Christine Lagarde said that falling oil prices will help boost economies in the US and across much of the globe, a net positive for a world struggling with slowing growth. "It is good news for the global economy," Ms. Lagarde said at The Wall Street Journal CEO Council annual meeting.”
“For the US, lower energy prices will help accelerate economic growth to a 3.5% pace next year, Ms. Lagarde said, up from an October forecast of 3.1%.”
“Oil prices tumbled to multiyear lows last week after the Organization of the Petroleum Exporting Countries (OPEC) decided to maintain its production quotas, rather than lowering its output target.”
“Lower oil prices are good for most consumers, who pay less for gasoline, although it could cause a short term drop in inflation before the benefits are felt and could squeeze energy companies and the economies of some major producers like Russia, Canada and Norway.”
Key Quotes
“After London trade, International Monetary Fund (IMF) chief Christine Lagarde said that falling oil prices will help boost economies in the US and across much of the globe, a net positive for a world struggling with slowing growth. "It is good news for the global economy," Ms. Lagarde said at The Wall Street Journal CEO Council annual meeting.”
“For the US, lower energy prices will help accelerate economic growth to a 3.5% pace next year, Ms. Lagarde said, up from an October forecast of 3.1%.”
“Oil prices tumbled to multiyear lows last week after the Organization of the Petroleum Exporting Countries (OPEC) decided to maintain its production quotas, rather than lowering its output target.”
“Lower oil prices are good for most consumers, who pay less for gasoline, although it could cause a short term drop in inflation before the benefits are felt and could squeeze energy companies and the economies of some major producers like Russia, Canada and Norway.”