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Muscat: The International Monetary Fund (IMF) projected that growth in the Mena region is poised to slow down this year before starting to witness improvements in 2024.
IMF’s latest regional economic outlook for the Middle East and North Africa (Mena) region further states that slowdown this year mainly reflects the impact of oil production cuts, tight monetary policies in the form of higher interest rates as well as country specific factors.
The agency highlighted that in the wider Mena region the combination of several issues including…