Low interest rates mitigating the benefits of low oil prices – IMF

When oil prices began to crater, it was hoped that demand would grow, giving economies a proverbial shot in the arm. Unfortunately, economic growth has remained sluggish, and has even cooled off in major demand centers like China.

“The widely anticipated ‘shot in the arm’ for the global economy has yet to materialize,” said Maurice Obstfeld, Economic Counsellor and Director of Research at the IMF, Gian Maria Milesi-Ferretti, Deputy Director in the Research Department of th...

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