IMF says oil prices pose threat to world economy

High oil prices are threatening continued global expansion, the top official of the International Monetary Fund (IMF) told a press conference on Thursday 22 September.

"Oil prices have certainly become a threat for the world economy," Rodrigo Rato, managing director of IMF, said.

While praising solid economic growth globally, Rato pointed to challenges that have to be addressed, such as economic reforms in Europe, more investments in Asia and the US deficit.

Rato noted that some progress had bee