Middle East Economic Survey


No 40



IMF Hikes 2010 Economic Growth Forecast

The economic outlook for the Middle East has improved and as a result the International Monetary Fund (IMF) has hiked its 2010 GDP forecast to 4.2% from the 3.7% it was predicting in July. But for this year the previous estimate of a 2% increase stands, said the IMF in its latest World Economic Outlook, published on 1 October. The Maghreb region will see GDP growth of 3.2% this year, and then 3.6%...