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Oil rout positive for global economy: IIF
Boost for global demand as oil price fall shifts purchasing power to consumers
Published Fri, Dec 12, 2014 · 09:50 PM
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Tokyo
DESPITE turbulence in energy markets and dramatic falls in the price of oil, "the overall net impact on the global outlook is clearly positive", the Washington-based Institute of International Finance (IIF) said in a report on Friday.
The result of the oil price decline…
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