IMF: Low oil prices will spur global economy

April 14, 2015 1:02 PM

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WASHINGTON -- Low oil prices are spurring faster growth in the U.S. and other advanced economies, the International Monetary Fund said Tuesday, projecting the global economy will expand by 3.5% this year.

That's up from 3.4% growth in 2014 as the pickup in the advanced nations offsets a slowdown in emerging markets. The IMF released the forecast as finance ministers and central bankers from 188 countries converge on Washington for this week's IMF-World Bank spring meetings. Global growth is expected ...

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