Volatility in Oil Markets to Contribute to Economic Challenges in Middle East: IMF - Forex News by FX Leaders

Volatility in Oil Markets to Contribute to Economic Challenges in Middle East: IMF

Posted Monday, April 29, 2019 by
Arslan Butt • 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

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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