IMF: Mideast economies face volatile politics, oil prices:
Political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year, according to a new report released Monday by the International Monetary Fund.
The report, which looks at the economies of 23 countries spanning North Africa, the Levant, the Persian Gulf, but also Djibouti, Somalia, Afghanistan and Pakistan, predicts that overall growth across these nations is expected to slowdown from close to 2% last year to about 1.5% in 2019.
Inflation is expected to remain unchanged at close to 10%.
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