Oil-importing countries in the Middle East and north Africa face a tough year as they try to maintain macroeconomic stability amid political transitions, the IMF said.
The IMF, launching its twice yearly regional economic outlook, said countries such as Egypt and Tunisia were running out of policy options to battle a “slow and drawn-out economic recovery” as the move from dictatorship to democracy takes longer than expected.
Political transitions weighed on economies in 2011, as gross domestic product growth halved to 2.2 per cent, well below the levels needed to tackle unemployment.
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