Unrest in the Middle East is sparking stronger growth among oil exporters as prices rise, according to the International Monetary Fund.
However, the region’s poorer emerging markets faced the pressing challenge of securing job creation and economic competitiveness to keep a lid on further dissent, the fund said in its regional economic outlook on Wednesday.
It expects oil-exporters in the Gulf to see gross domestic product growth rise to almost 8 per cent this year, up from previous forecasts of 5 per cent, as oil prices rise and production is lifted to make up for shortfalls in Libya.
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