REGIONAL

 

IMF Downgrades MENA 2014 Growth Projections

 

Real GDP growth in the MENA region will be 3.2% for 2014 and 4.5% for 2015, according to the IMF’s six-monthly World Economic Outlook (WEO) released last week. The projection for 2014 growth is downgraded from the figure of 3.8% given six months ago by the IMF in its October WEO (MEES, 11 October 2013). 

The latest WEO says that growth across the MENA region in 2013 was tepid, “as declines in oil...