Oil might not drive some economies long-term, IMF said

Oil might not drive some economies long-term, IMF said Washington (UPI) Jun 9, 2016 - Particularly in the Middle East and Central Asia, lessons from the slump in crude oil prices suggest a revenue overhaul may be needed, the IMF said. A survey this week from the World Bank found the global economy may be slowing down. For countries that rely on imports, the weak market for crude oil may be providing stimulus, with commodity-importing economies on pace to expand by 5.8 pe ... more

---