IMF Fall 2017 Regional Economic Outlook Embraces Innovation & Technology In The Financial Sector #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit




Home / News / News Archive
News Archive

IMF Fall 2017 Regional Economic Outlook Embraces Innovation & Technology In The Financial Sector
(31 October 2017)
2.6% regional growth this year in the Middle East, North Africa, Afghanistan and Pakistan region.


Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), hosted today the launch of the Fall 2017 Regional Economic Outlook (REO) for the Middle East, North Africa, Afghanistan and Pakistan (MENAP), in collaboration with the International Monetary Fund (IMF).

The semi-annual Regional Economic Outlook report details trends and developments across countries of the Middle East, North Africa, Afghanistan, Pakistan (MENAP) and the Caucasus and Central Asia (CCA). The report’s sectoral indicators are widely used as a benchmark for future economic projections and set the tone for growth, trade and investment.

The IMF’s report found that despite the strengthening global recovery, MENAP’s growth outlook remains relatively subdued, although there are some important differences across oil exporting and importing countries.

In MENAP oil-exporters, non-oil growth is expected to recover to about 2.6 percent in 2017 as fiscal consolidation generally slows. However, the agreed reduction in oil output under the extended OPEC-led agreement means overall growth will bottom out at 1.7 percent in 2017.

Growth in oil importers, on the other hand, is expected to rise to 4.3 percent this year, supported by the strengthening domestic demand and the recovery of the global economy.

Arif Amiri, Chief Executive Officer of DIFC Authority said, “Long-standing strategic collaborations, such as the one we have with the IMF, symbolise DIFC’s commitment to driving sustainable development across the region’s economies. The report highlights the growing need for structural reform in the region, which reaffirms the importance of quickly adapting to an innovative financial future.

On the subject of change and adaptation, the MEASA region is undergoing tremendous transformations and is poised to shape the future of finance and financial innovation. The combination of technology, innovation and smart policy making must be embraced by the financial sector across emerging and developing economies.

By providing an established platform for firms to tap into transformational opportunities throughout MEASA, the DIFC is ever more committed to the advancement of the region’s financial infrastructure.”

Download the Dubai City Guide iPhone mobile app is owned and managed by Cyber Gear

  All fields are mandatory
Your Name
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

email print

Sponsored By :           Sponsored Opportunities


Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
DCG at a glance