Low oil prices may have an aggregate negative impact on the health of the global economy, Russian Finance Minister Anton Siluanov said Tuesday. Siluanov told reporters from the sidelines of the summit for the Group of 20 major economies in Istanbul the impact of low oil prices, for importers and exporters alike, would be negative . “The cumulative effect from the current steep fall of prices for resources may enfeeble the aggregate demand in world economy and this in turn will slow down its growth rates,” he said. A blog posted last week by economists at the International Monetary Fund found low oil prices will boost economic growth short-term, as consumers save on energy costs, but mid-term risks are present in terms of national monetary policy planning. Exporters will lose and importers will win in the […]