The IMF, in its 19 January update to its World Economic Outlook (WEO), revised down its projections for global, MENA and Saudi growth for 2016.

But, as with the World Bank’s similar forecasts earlier this month (MEES, 15 January), the IMF’s oil price assumptions are already way out of date, and as a result its MENA economic forecasts way optimistic. (CONTINUED - 669 WORDS)