December 2, 2014 12:13 PM

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Plunge in oil prices good for global economy: IMF

The International Monetary Fund Managing Director, Christine Lagarde said that the plunge in oil prices since June may hurt some crude exporters but is overall a good thing for the world economy. Yesterday, she said in Washington that there will be winners and losers, but on a net basis it is good news for the global economy.

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