Wall Street Journal
Region Under Pressure from Conflict in Iraq, Syria and Libya, Weak Oil Prices.
The Middle East and North Africa is set for another year of poor economic growth, weighed down by conflict in Iraq, Syria and Libya and beset by sky-high unemployment coupled with lower oil prices, according to the International Monetary Fund.
The IMF expects the region’s economy to grow by 2.6% this year, rising to 3.8% next year, it said in a regional economic outlook released on Monday. But there are serious downside risks to that forecast. Chief among them are the brewing conflict with Islamic State extremists in Syria and Iraq and political instability in Libya.
