Monday 16 July 2012

Middle East economies to outpace rest of world - The National

The IMF has revised upwards its estimate for economic growth in the Middle East and North Africa (Mena) this year.

The move comes despite a backdrop of deteriorating global prospects, the multilateral lender said yesterday.

It expects the regional economy to expand this year by 5.5 per cent, up from the IMF's previous forecast in April of 4.2 per cent.

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