IMF revises down MENAs 2013 GDP growth to 3.4% .

By bne IntelliNews January 24, 2013
The International Monetary Fund (IMF) revised down slightly its 2013 economic growth forecast for the MENA region to 3.4% from 3.6%, the fund said in a World Economic Outlook update released on January 23. The new forecast is much lower than the 5.2% aggregate GDP growth achieved by the region in 2012, according to the IMF. Many MENA countries will need to maintain macroeconomic stability under difficult internal and external conditions, the IMF said. In 2014, MENAs aggregate GDP growth will quicken to 3.8%, the IMF forecast, keeping the latter unchanged from its WEO Oct 2012 report.

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