Downside risks from oil increasing, IMF's Rato

Head of the International Monetary Fund Rodrigo Rato said Friday rising oil prices pose a growing risk to the world economy and will have a visible impact on global economic growth next year.

"The downside risks from oil have increased," IMF Managing Director Rodrigo Rato told reporters after a regular meeting of IMF, World Bank and World Trade Organisation officials.

"We see a clear impact next year but we also see other positive forces of growth that will in part compensate," he said, without