IMF Sees 2011 MENA Region Growth Of 4.1%, Curbed By Social Unrest
13-Apr-2011 (one comment)



In oil-exporting Iran, the IMF sees zero growth this year as the
economy stalls due to the recent decision to phase out subsidies on
energy and other products. The IMF described the subsidy phase-out as "a
much needed reform that will yield benefits in the medium term."

As the subsidies are phased out, Iran's inflation rate is projected to
jump to 22.5% in 2011, from 12.5% in 2010. Indeed, rising commodity
prices will boost inflation across the whole Middle East and North
Africa region, the IMF said, projecting consumer price inflation of 10%
for the region as a whole in 2011, compared with 6.9% in 2010...


recommended by IranFirst



Egypt, Tunisia,.... lower growth but Freedom, IRI no-excuses

by IranFirst on

Egypt, Tunisia,.... lwill have ower growth this year but now they have Freedom, and their economies will bounce back in the long term . In Iran terrorist IRI is still in power AND they have created Hi inflation and ZERO growth !