WASHINGTON: Falling oil prices are positive for the global economy, though they may hurt individual commodity exporters, said International Monetary Fund (IMF) managing director Christine Lagarde on Monday. œAssuming we have a 30 per cent decline (in oil prices), its likely to be an additional 0.8 per cent (in economic growth) for most advanced economies, because all of them are importers of oil, Lagarde said, mentioning the United States, Europe, Japan and China in particular. World oil prices are down 40 per cent since June. Reuters
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