Browse related articlesME economy to grow 6.1% 2008
Thursday, April 10 - 2008 at 10:58
A new report by the International Monetary Fund has found that economic growth in the the Middle East will probably accelerate to 6.1% this year from 5.8% in 2007, even as inflationary pressures rise, reported Bloomberg. The report said the economies of oil exporters including Iran, Saudi Arabia, the UAE and Kuwait, will likely grow by 6% in 2008 and 5.9% next year, up from 5.6% in 2007 and 5.8% in 2006. In non-oil producing countries including Egypt, Jordan, Syria and Lebanon, economic growth will probably slow to an average of 6.2% this year, from 6.3% last year and pick up in 2009 to 6.5%. Egypt's economy will likely grow by 7% this year, the report said.
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Jeff Florian, Senior ReporterThursday, April 10 - 2008 at 10:58 UAE local time (GMT+4)
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