Friday, 8 May 2009

World Bank predicts Middle East growth at 3.9%

In its global economic outlook the World Bank predicts the Middle East region is will grow by 3.9% in 2009, versus 5.8% in 2008.

The bank predicts the global downturn will cause both commodity prices and inflation to decline. Oil prices are seen averaging USD 75 a barrel in 2009.

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