IMF: Iran accord to lift Mideast economy
The International Monetary Fund (IMF) says the Middle East and North Africa are set to benefit from Iran’s nuclear agreement, lifting economic growth in the region next year. In its biannual World Economic Outlook, the IMF said growth will “pick up substantially in 2016, supported by accelerated activity in the Islamic Republic of Iran” which is the Middle East’s second largest economy. The lifting of sanctions on Tehran would allow Iran to boost oil production and exports, leading to “a gradual improvement in the outlook for countries ...
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