Tags: IMF Official Extended Oil-Price Surge a Growth Risk

IMF Official: Extended Oil-Price Surge a Growth Risk

Monday, 07 Mar 2011 03:40 PM

Unrest in the Middle East and North Africa has generated a "fear factor" that drove up oil prices, and growth forecasts could be at risk if those gains are sustained, a top IMF official said Monday.

"If that is sustained of course that will have a more negative impact," first deputy managing director John Lipsky said in an interview with Reuters Insider.

Lipsky said the IMF had not yet adjusted its growth forecast because of costlier oil and still thinks the most recent price surge would prove temporary.

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Unrest in the Middle East and North Africa has generated a fear factor that drove up oil prices, and growth forecasts could be at risk if those gains are sustained, a top IMF official said Monday. If that is sustained of course that will have a more negative impact, ...
IMF Official Extended Oil-Price Surge a Growth Risk
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2011-40-07
Monday, 07 Mar 2011 03:40 PM
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