IMF Excludes Saudi Arabia, UAE, Egypt from Negative Forecasts in 2019Business IMF Excludes Saudi Arabia, UAE, Egypt from Negative Forecasts in 2019 AAVisitors are seen outside Dubai's Quranic Park in Dubai, UAE April 6, 2019. (Reuters)Asharq Al-AwsatThe International Monetary Fund (IMF) excluded gulf countries, mainly Saudi Arabia and the United Arab Emirates, as well as Egypt, from its 2019’s low economic outlook for the Middle East and North African region. “Growth in oil exporters is projected to remain subdued relative to 2018,” according to its report, dubbed Regional Economic Outlook 2019. Meanwhile, growth in Saudi economy is expected to exceed expectations in 2019. Egypt continues to record strong economic growth while the Pakistani economy is expected to see a sharp slowdown.

Source: The North Africa Journal April 30, 2019 11:48 UTC