IMF says regional growth will accelerate

25 October 2010

Exconomies will expand next year as crude production rises

The International Monetary Fund (IMF) expects growth in Middle Eastern and North African oil-exporting economies to accelerate next year as crude production rises, Bloomberg has reported. Gross domestic product in those countries is to expand 5 per cet in 2011 after growing 3.8 pe cent this year and 1.1 per cent in 2009, the IMF said in its regional Economic Outlook.

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