Falling oil prices reduce oil-exporters’ growth – IMF
By Sami Zaptia.
Washington DC, 8 October 2013:
The IMF warned in its World Economic Outlook report here today in Washington that growth in the MENA region is expected to decline in 2013 mainly as a result of weak global demand and domestic supply disruptions to oil production.
Growth is expected to pick up in 2014 with improved global conditions and a recovery in oil production.
Specifically on oil-exporting economies, the IMF said that growth “decelerated substantially in the first half of 2013 driven by falling oil production.”
In a number of economies, such as Libya, high geopolitical tension . . .