Middle East Economic Survey

VOL. LII

No 17

27-Apr-2009

REGIONAL/GCC

Middle East Economies Hit By Plummeting Commodities Prices, Says IMF

Middle Eastern economies are suffering from the global recession, and in particular from plummeting commodity prices along with financial strains and weak export demand, according to the latest IMF World Economic Outlook, published on 22 April. The current downturn is affecting all economies globally, says the report, with global activity expected to contract by...