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Developing countries to reap from oil price slump, says WB

 

Gains from low oil prices can be substantial for developing country importers if supported by stronger global growth, says the World Bank.

The bank in the analysis of the oil price decline, contained in the latest edition of the Global Economic Prospects, says the drop reflects a confluence of factors, including several years of upward and downward surprises in oil supply and demand, respectively.

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