IMF managing director Christine Lagarde speaking in Rabat on 8 May said that the middle class has lost ground in countries affected by Arab Spring uprisings in 2011 and that more needs to be done to reduce the dominance of large…
Tag: IMF
IMF forecasts GCC budget surpluses to disappear by 2019
The budget surpluses enjoyed by GCC states for more than a decade will be eliminated by 2019, a report in IMF Survey published today shows. The IMF forecasts that Bahrain and Oman will record fiscal deficits this year, which makes them increasingly…
IMF deputy managing director says Kuwait non-oil growth will accelerate
Deputy IMF managing director Min Zhu said on 1 May that Kuwait’s non-oil GDP growth is expected to accelerate to 3.9 per cent in 2014 from 2.7 per cent last year. Zhu was speaking following a visit to Kuwait on…