IMF warns of lower oil prices (PFP)

The International Monetary Fund warned on Tuesday that any long-term decline in oil prices will lead to a deficit in crude exporting countries in the Middle East and North Africa as a result of high public spending in these States.

The warning came in a report issued by the IMF Tuesday about the Outlook for the global economy predicted that the declining growth in oil-exporting countries to 1.9 percent this year, compared with 4.5% last year, to enhanced growth again next year with expectations of reaching the level of 3.8%.

The report warned that "any long-term decline in oil prices will put many oil exporters in the Middle East and North Africa in the case of a deficit." According to the Fund, the price needed to balance the budget is higher than the price of oil, the Central forecast for 2014.

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think I heard ----> oil goes down too 25.oo a barrel , gas drops too 25 cents a gallon, milk and bread are priced as though it is 1960 ------ housing prices are in the low 50 ,ooo this is just in the u.s. world to follow   just what I heard