IMF: World has to cope with energy costs

Higher energy prices probably will be around awhile, the head of the International Monetary Fund says.

Thus far, the world economy has coped well with the rising cost of energy, but surging prices do pose a serious risk down the road, Rodrigo Rato suggested Thursday.

“It is likely that higher prices are going to last, and we are all going to have to adjust to that,” he said.