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Middle East’s economies to benefit from Iran nuclear deal – IMF

IMF: Iran Nuclear Deal To Boost Middle East Economic Growth Radio Free Europe, October 06, 2015 The International Monetary Fund (IMF) says Iran’s nuclear deal with world powers will raise economic growth in the Middle East and North Africa next year, as the lifting of sanctions brings a rebound in oil production and exports.

Under the July accord, sanctions against Iran will be gradually lifted in return for Tehran imposing curbs on nuclear activities.

The IMF said in its semiannual World Economic Outlook on October 6 that growth in the region will “pick up substantially in 2016, supported by accelerated activity” in Iran.

The Washington-based organization also predicted “a gradual improvement in the outlook for countries severely affected by conflicts,” including Iraq, Libya, and Yemen……http://www.rferl.org/content/iran-nuclear-deal-middle-east-economic-growth/27291410.html

October 7, 2015 - Posted by | general

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