WB: MENA's GDP growth seen at 4.3% in 2011.

By bne IntelliNews January 14, 2011
MENA's average GDP growth is expected to advance to 4.3% in 2011 and 4.4% in 2012 after the region posted a 3.3% growth in 2010, the World Bank said in its Global Economic Prospects Report 2011. The advance will be based on the continuity of domestic demand growth, higher exports and higher oil prices over the next two years. The report external environment improved with ongoing effects of stimulus programs. The higher oil prices in the year benefited developing oil exporters and have positively affected exports, remittances and tourism revenues. The World Bank also said that diversified economies of the region, experienced a pick-up in exports that supported in economic growth.

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