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IMF warns on oil price shock for Mena

Posted on 11 October 2013

The International Monetary Fund has warned that a sustained drop in oil prices could leave many Middle Eastern and North African exporters in the red because of surging spending, a report said.
The warning came in the IMF’s new World Economic Outlook report, which expected growth in Mena oil-exporting economies to drop to 1.9 percent this year from 5.4 percent in 2012 before gathering pace next year to 3.8 percent, the AFP report said………………………………………..Full Article: Source


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