IMF boosts Middle East growth forecast

27 January 2010

The International Monetary Fund (IMF) has raised its Middle East's growth forecast this year to 4.5% from 4.2%, Bloomberg has reported. Economic growth in 2009 was 2.2%, according to the IMF's World Economic Outlook report. The economies of the region may expand 4.8% in 2011, the report said.

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