IMF, ‘Urgency’ for oil exporters to adjust spending| glObserver Global Economics


Political turmoil in the Middle East and a sharp decline in oil prices highlights the “urgency” oil exporting nations should have in adjusting their government spending plans, according to the new regional outlook from the International Monetary Fund (IMF).

Sourced through Scoop.it from: globserver.cn

Political turmoil in the Middle East and a sharp decline in oil prices highlights the "urgency" oil exporting nations should have in adjusting their government spending plans, according to the new regional outlook from the International Monetary Fund (IMF).

The IMF estimate increase in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region would be 2.5 % in 2015, down from increase of 2.7 % last year and down 0.5 % points from the fund’s last predictions in May.

See on Scoop.itglobserver middle east

Author: globserver

Director of Eyecom china

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