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IMF raises most Gulf countries' economic growth forecasts | Reuters

IMF raises most Gulf countries' economic growth forecasts | ReutersThe International Monetary Fund expects most Gulf economies to recover this year at a faster pace than previously estimated, as it raised its 2021 global growth forecast to 6% from 5.5% less than three months ago.Saudi Arabia’s economy, the region’s largest, is expected to grow 2.9% this year, up from the 2.6% forecast in January, the IMF said in its latest World Economic Outlook, released this week.The kingdom’s economy contract...
Tags: Travel, Saudi Arabia, Qatar, United States, United Arab Emirates, Oman, Bahrain, Kuwait, Imf, Gulf, Reuters, World Economic Outlook, Rupert Neil Bumfrey, ReutersThe International Monetary Fund


IMF forecasts #UAE's economic growth at 3.1% - Arabianbusiness

IMF forecasts UAE's economic growth at 3.1% - ArabianbusinessIn its latest World Economic Outlook report published on Tuesday, the International Monetary Fund (IMF) increased the UAE’s economic growth forecast for 2021 to 3.1 percent, in what is seen as a credit to the country’s positive handling of coronavirus.While the forecast is up from the 1.2 percent forecasted in October last year, it is expected to soften in 2022, dropping down to 2.6 and stabilising through to 2026, according to the IMF...
Tags: Travel, Uae, Imf, International Monetary Fund IMF, Stephen Anderson, World Economic Outlook, Rupert Neil Bumfrey, PwC Middle East, Middle East Strategy, Arabian Business Forum


Why GCC economic recovery will be slow until 2023 | Special-reports – Gulf News

Why GCC economic recovery will be slow until 2023 | Special-reports – Gulf News The Gulf economies suffered in 2020. That’s true for the rest of the world too. How soon will the Gulf countries recover from the recession wrought by the perfect storm of the COVID-19 outbreak, sustained low oil prices and geopolitical challenges? This is the first of a four-part series on the health of the Gulf economy. What’s IMF's 2021 outlook? Sound policies and robust reserves are keeping GCC economi...
Tags: Travel, Saudi Arabia, GCC, International Monetary Fund, Uae, Imf, Gulf, World Economic Outlook, Rupert Neil Bumfrey, Gulf News The Gulf, Saudi Arabia GCC


IMF Slashes #Saudi Economic Growth Forecast to Near Zero for 2019 - Bloomberg

IMF Slashes Saudi Economic Growth Forecast to Near Zero for 2019 - Bloomberg:The International Monetary Fund has turned far more downbeat on Saudi Arabia’s prospects, cutting its forecast for economic growth this year to just above zero. Gross domestic product will expand 0.2% in 2019, down from the fund’s earlier estimate of 1.9%, according to the fund’s World Economic Outlook published on Tuesday. It expects growth to pick up next year.“While non-oil growth is expected to strengthen in 2019 on...
Tags: Travel, Saudi Arabia, Opec, Bloomberg, International Monetary Fund, Imf, World Economic Outlook, Rupert Neil Bumfrey, Near Zero


IMF Lowers Saudi Arabia Growth Forecast After Oil Output Cut - Bloomberg

IMF Lowers Saudi Arabia Growth Forecast After Oil Output Cut - Bloomberg:"The International Monetary Fund lowered its growth forecast for Saudi Arabia next year, as oil production cuts and austerity measures take a toll on the biggest Arab economy.The Saudi economy is expected to expand 1.3 percent in 2018, down from a 2.3 percent projection in January, the IMF said in its World Economic Outlook report on Tuesday. The Washington-based lender left this year’s forecast unchanged at 0.4 percent, ci...
Tags: Travel, Washington, Saudi Arabia, Bloomberg, International Monetary Fund, Imf, World Economic Outlook, Rupert Neil Bumfrey



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