BUSINESS
02/23/2011 10:58 am ET Updated May 25, 2011

World Economy Can Survive Oil Price Surge For Now, IMF Says

The world economy can withstand the surge in oil prices sparked by unrest in the Middle East and North Africa so long as the increase proves short-lived, said the International Monetary Fund's No. 2 official, echoing Deutsche Bank AG and Bank of America Merrill Lynch.

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