Non-oil growth is gaining traction in oil-exporting countries, while a fragile recovery continues in oil-importing countries across the Middle East, North Africa, Afghanistan, and Pakistan (MENAP)—according to the IMF’s latest Regional Economic Outlook. “To take full advantage of the growing global economy, the region should accelerate key economic reforms. As the OPEC+ agreement expires and oil production recovers, growth is projected to accelerate this year and next. However, they can also hold economic growth back. Under these circumstances, room to reduce interest rates to spur economic growth will be limited, even if inflation has been moderating.

Source: The North Africa Journal May 02, 2018 05:26 UTC