IMF expects growth of economy in Middle East at 3.6% this year

IMF expects growth of economy in Middle East at 3.6% this year
IMF expects growth of economy in Middle East at 3.6% this year

The International Monetary Fund (IMF) revised up its forecast for world economic growth in 2018 and 2019, Reuters reported.

It said growth in the Middle East, North Africa, Afghanistan, and Pakistan was expected to pick up in 2018 and 2019 but remain subdued at 3.6 percent this year.

The IMF revised down its growth estimate for South Africa to 0.9 percent for this year and next amid concerns over political uncertainty.

The IMF maintained its forecast for growth in emerging markets and developing countries for this year and next. 

Last Modified: 01 23 2018 06:13 PM

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