IMF: Growth in oil-importing countries in MENA is expected to reach 4.5%

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Tue, 13 Nov 2018 - 02:29 GMT

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Tue, 13 Nov 2018 - 02:29 GMT

FILE PHOTO: A general view of the El Sharara oilfield, Libya December 3, 2014. REUTERS/Ismail Zitouny/File Photo

FILE PHOTO: A general view of the El Sharara oilfield, Libya December 3, 2014. REUTERS/Ismail Zitouny/File Photo

DUBAI - 13 November 2018: For oil-importing countries in MENA, growth is expected to continue at a modest pace of 4.5 percent in 2018, before dropping back to 4% next year, the International Monetary Fund (IMF) said in its Regional Economic Outlook for the Middle East and North Africa (MENA).

The current account deficit in oil-importing countries is projected to narrow from 6.6 percent of GDP in 2017 to 6.5 percent in 2018, and further to 6.1 percent in 2019.

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