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FINANCIAL NEWS
Economies of oil exporters in MENA, GCC to slow in 2013
22 May 2013
(MENAFN) The International Monetary Fund (IMF) estimated that the GCC and other oil exporters from the Middle East and Africa will go through a slow economic growth in 2013, reported Gulf News.
The mentioned regions and countries accomplished a solid growth of 5.7 percent during 2012.
The GCC, Middle East, and Africa oil exporters are expected to face economic growth decline to 3.2 percent in this year, according to Masood Ahmad, director of the IMF’s Middle East Department.
This decline will occur due to the slow economic growth around the world, as the IMF expects.
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