IMF Downgrades Middle East
By Micah Halpern
Friday April 12, 2019
I've Been Thinking:
The International Monetary Fund, the IMF has revised their estimates for growth in the Middle East. They cut the predictions in half from 2.5% to 1.3% growth.
That is a major failure for the Middle East economy and the a statement
It all has to do with 2 factors oil and stability.
As for oil ... It seems that their forecast expected much more oil and sadly that is not the case. On the issue of security ... it has not been a calm period in the Middle East.
Investors were very hopeful for the Middle East but there has been no sense that success is around the corner.
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