| 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 |