Cyprus Mail
BusinessWorld

Mind the gap in multi-speed world economy after oil plunge

Falling oil prices will benefit some countries but will harm others according to analysts

Robust recovery in the United States, a moribund euro zone and slowing Chinese growth reflect global splits which plunging oil prices are likely to widen.

On the face of it, lower energy bills should give consumers and companies more money to spend and boost economic growth, at least for oil importers.

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