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ME economies up 4.1%

12 Apr 2011

(MENAFN) The International Monetary Fund (IMF) reported that countries in the Middle East region would witness a 4.1 percent increase in their economies this year, reported Arab News.

The IMF added that both oil and non-oil countries’ GPD would rise, registering 4.9 percent for oil countries, where Saudi Arabia’s GDP would increase to 7.5 percent this year. On the other hand it would reach 1.9 percent in non-oil countries.

It also said that the rise in prices would be expected in the region’s economies, oil or non-oil ones, as it is estimated to increase 10 percent the current year, with Iran and Egypt at the top.

It is worth noting that the political events in the Middle East countries affected the region’s economies, where oil prices increased as well as unemployment rate.

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