VOL. XLV

No 17

29-April-2002

BUDGETSAND REVENUES

IMF: Middle East Growth Will Slow In 2002 Due To LowerOil Production, Regional Insecurity

The InternationalMonetary Fund (IMF) projects that economic growth in the Middle East will slow significantly in 2002,continuing the pattern of 2001 and reflecting lower oil production and thedeteriorating regional security situation. According to the IMFsWorld Economic Outlook(April2002), growth in the oil exporting countries is expected to slow from 5% in...