US EditionOil Shock Would Increase Inflation and Affect Growth: Imf
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The International Monetary Fund (IMF) estimated that a 10% increase in the price of oil, which remains for most of the year, can generate a 40-point increase in global inflation (0.4%).It added that these same hypothetical conditions in the price of oil lead to moderate the growth of the global economy and subtract between 0.1 and 0.2% points from GDP. Currently, the IMF estimate for world GDP is 3.3%, but in April it will present an update of e…
The World Faces Further Economic Shocks, Warns the Imf. Higher Oil Prices Could Accelerate Inflation
Rising oil prices could slow the global economy and increase inflation. Every 10 percent increase in oil prices over a year could increase global inflation by about 0.4 percentage points and reduce global economic output by 0.1 to 0.2 percentage points, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said today at a symposium in Tokyo hosted by the Japanese Ministry of Finance.
IMF warns oil price spikes could slow global growth and drive inflation
A 10% increase in oil prices over the course of a year could raise global inflation by around 40 basis points and reduce global economic growth by between 0.1% and 0.2%, according to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), cited by Agerpres. Georgieva presented the estimate during a speech in Tokyo […] The post IMF warns oil price spikes could slow global growth and drive inflation appeared first on Busi…
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