Mideast growth to dive as Saudi economy stagnates: IMF

in #news7 years ago

Economic growth in the Middle East and North Africa is forecast to slow considerably over oil prices as the Saudi economy slides, the International Monetary Fund said on Monday.

After a better than expected performance with five per cent growth in 2016, the economies of countries in the Middle East and North Africa as well as Pakistan and Afghanistan will subside to just 2.6pc growth this year, it said.59759f7253b0f.jpg

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