Middle East Economic Survey

VOL. LII

No 42

19-Oct-2009

REGIONAL

Regional Oil Earnings To Rebound Markedly In 2010, Says IMF

The oil earnings of MENA, Afghanistan and Pakistan (MENAP) region oil exporters will rebound markedly in 2010 after a slump in 2009, the International Monetary Fund (IMF) forecasts. The oil component of gross domestic product (GDP) will drop 3.5% this year then climb 4.4% next year, while non-oil GDP will remain more stable growing by 3.2% in 2009 and a slightly higher 3.9% in...