Growth in the Middle East and North Africa (MENA) region is expected to decline in real terms to 2.3% in 2013 (0.75% below a May 2013 IMF update of growth projections), the IMF said in its latest Regional Economic Outlook.

The report, published on 12 November, notes that the near-term economic outlook for the MENA region has weakened, as a result of the “difficult political transitions and increased regional uncertainties arising from the complex civil war in Syria and the ongoing developments in Egypt,” which weigh on confidence in the region’s oil importing countries. (For details of IMF separate growth forecasts for oil exporters and importers see MEES, 11 October.) (CONTINUED - 781 WORDS)