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 . . .

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