Economies hit by Arab uprisings begin to improve, says IMF - FT.com

Economies hit by Arab uprisings begin to improve, says IMF - FT.com:



"The International Monetary Fund is seeing the first signs of good news from Arab states undergoing political change after poor economic performance in the wake of the uprisings that shook the region in 2011.



The IMF is forecasting that Egypt, Jordan, Morocco, Tunisia and Yemen – which it terms “transition states” – will see a slight increase in gross domestic product growth to 2.9 per cent in 2014 from 2.8 per cent last year. It predicts GDP growth will rise to 4.3 per cent next year on higher trade and investment.



Growth dropped to 1.1 per cent in 2011 from annual averages of almost five per cent before the Arab spring."



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