Oil price fall may even curb global growth - ECB

The fall in oil prices over the past two years will add less to global growth than earlier thought and the overall impact could even be negative, the European Central Bank said on Monday. With oil prices falling from around $110 per barrel in mid-2014 to $50 per barrel now, many had expected a one-off boost to global growth from higher consumption as households and businesses spend less on fuel, realizing an income gain. "Taking the example of the United States as one of the largest net oil impo