Economic growth should speed up to 4.2 per cent in the Middle East and North Africa this year as several countries rebuild after a wave of unrest, the IMF says.
The organisation's forecast for the region is more upbeat than its outlook of 3.5 per cent growth for the overall global economy. But the regional forecast reveals widening differences between the fortunes of oil exporters and importers.
The GCC and other oil exporters should grow by 4.8 per cent, more than twice the 2.2 per cent expansion of oil importers, the IMF said in a report released yesterday.
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