IMF Injects Optimism Into Oil Markets ...Middle East

OILPRICE - Economy
IMF Injects Optimism Into Oil Markets
source : OILPRICE ( Middle East ) () 18
The International Monetary Fund has added a dose of optimism to oil markets by revising its global economic growth outlook to reflect a lowered risk of a slowdown. In its latest monthly World Economic Outlook, the lender said that it expected inflation to peak and the global economy to grow by 2.9% this year. While this would be a decline from a growth rate of 3.4% estimated for 2022, it is an upward revision from last month’s growth projection of 2.7%. It also said that oil prices are set to be lower both this year and next than in 2022,…

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