The economic benefits that have accrued from cheaper oil could easily reverse in the future if prices spike again. Photo: AP

Macroscope by David Brown

Positive spin given to global economic outlook by WTO, IMF isn't justified

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The aftermath of austerity cuts combined with deflation and corporate restructuring cast long shadows over sentiment and growth potential

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Published: 3:45pm, 19 Apr, 2015

Updated: 11:14am, 28 Apr, 2015

The economic benefits that have accrued from cheaper oil could easily reverse in the future if prices spike again. Photo: AP

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