The decline in oil prices has led to a subdued outlook for the global economy, with importers like China and exporters alike feeling the impact, the IMF said. Brent crude oil prices traded Wednesday at around $59 per barrel, a substantial discount from the mid-June 2014 price above the $110 per barrel mark. The steep drop has impacted capital growth in countries that rely heavily on oil for government revenues. Olivier Blanchard , a research director at the International Monetary Fund, said the decline in the price of oil has redistributed real income for oil exporters and importers alike. “The early evidence suggests that, in oil importers, from […]