REGIONAL

 

IMF Puts Up MENA 2012 Growth Forecast On Oil Production Boost

The International Monetary Fund (IMF) has increased its MENA growth forecast and sees a 5.5% increase this year and 3.7% in 2013. The 2012 forecast is up 1.3% from the IMF’s April projection, while the 2013 forecast has been kept the same, the fund revealed on 16 July in an update to its World Economic Outlook. The IMF said that in contrast with broad trends, MENA growth will be...