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International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas speaks during an interview with AFP at the IMF headquarters in Washington, DC, on April 15, 2024. The recent oil price spike fueled by rising Middle East tensions has the potentia

Mideast-related Oil Price Spike Threatens 'Relatively Good' Economic Outlook: IMF Chief Economist

The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF's "relatively good" outlook for the world economy, its chief economist told AFP. "We are projecting a global economy that is quite resilient for 2024," Pierre-Olivier Gourinchas said in an interview ahead of the publication of the International Monetary Fund's World Economic Outlook (WEO) report on Tuesday.
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A family walks past a store advertising a Black Friday sale near Pentagon City Mall in Arlington, Virginia

US Economic Uncertainty Means Bigger 'Black Friday' Discounts

The retail sector's efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual "Black Friday" shopping day followed by the newer "Cyber Monday."
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