Volatility in Oil Markets to Contribute to Economic Challenges in Middle East: IMF
The IMF with somewhat pessimistic data regarding economic growth, this time in the Middle East.
Arslan Butt•Monday, April 29, 2019•1 min read

The IMF with somewhat pessimistic data regarding economic growth, this time in the Middle East. Its Regional Economic Outlook report points to rising economic challenges in this region due to global economic growth slowdown and higher geopolitical risks.
In the report, IMF also lists high volatility in oil prices and an increase in public debt as additional reasons for concern in this region. Oil exporters are expected to grow at a slower pace, at 0.4% in 2019, down from 0.6% in 2018.
Meanwhile, WTI crude oil continues to trade bearish over Trump’s plans to impose full sanctions on Iranian oil exports and have OPEC increase oil output to manage overall supply to worldwide markets.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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