This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

IMF Predicts Strong Growth for Middle East

First name: 

 

Last name: 

 

Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category

Archives



International Monetary Fund  Middle east  IMF  Property Market Recovery  higher oil prices  oil exporting nations  energy sector 

IMF Predicts Strong Growth for Middle East

By - Monday 08 November 2010

The International Monetary Fund (IMF) has predicted that the Middle East region will enjoy economic growth of 4.2 per cent in the coming year. This figure is a sharp rise on the 2.3 per cent increase which was seen over the course of 2009.

According to the IMF, higher oil prices and government policies are expected to boost many countries, while a strong overall energy sector will also help sustain the growth. Overall, the IMF claimed that the Middle East region is enjoying "a generally robust recovery".

However, in order to sustain this growth in the long term, the IMF said that the region must do more to diversify its economies and create jobs. On a per capita basis, though, the growth significantly lags behind other parts of the developing world.

Indeed, economic growth outside the energy sector remains slow and the body called on oil-exporting nations to reduce their dependence on the commodity by diversifying their economies.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here

Glossary

Visit Our Investment Terms Glossary


Comments

 

*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.


«« Back to IPIN Live

Follow IPIN Global


Latest Content

Recent Comments

Powered by Disqus