The International Monetary Fund (IMF) ,is calling for "concerted treasures'* to rein in growth in oil demand as a means of reducing the vulnerability of the world economy to higher oil prices.la its World,Economic Outlook (WEO),issued last week,Hie IMF says that high oil prices have already shifted "the balance of risks to the downside".This has prompted it to revise its projection for global economic growth in 2005 down to 4.3pc from its forecast in April of 4.4pc (AGM,30August,pi).
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