Video: IMF says GCC economic rebound and 2.8% growth in 2018 not enough!

May 3, 2018 9:44 am


IMF Director of the Middle East and Central Asia Department Jihad Azour said that Iran needs to take steps to stabilize the market if the U.S. walks out of the nuclear accord.

He also discussed his growth outlook in the Middle East and the broad reform agenda to reduce the Gulf Countries’ dependence on oil.

He spoke to Bloomberg’s Yousef Gamal El-Din in Dubai as the institution released its “2018 MENA Regional Economic Outlook.”

Walking out of the Iran nuclear deal will increase uncertainty in the region.

There has been a rebound in Gulf economies as a result of oil prices clawing back into the $70s range, but will that lessen or relax the drive towards reforms in Saudi and other GCC countries?

Watch the massive interview here.

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Hadi Khatib
By Hadi Khatib
Hadi Khatib is a business editor with more than 15 years' experience delivering news and copy of relevance to a wide range of audiences. If newsworthy and actionable, you will find this editor interested in hearing about your sector developments and writing about it.