{"id":31265,"date":"2020-07-13T15:43:00","date_gmt":"2020-07-13T11:43:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31265"},"modified":"2020-07-13T15:47:45","modified_gmt":"2020-07-13T11:47:45","slug":"imf-revised-its-forecasts-for-asia-and-middle-east","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/imf-revised-its-forecasts-for-asia-and-middle-east\/07\/13\/market-updates\/","title":{"rendered":"IMF Revised its Forecasts for Asia and Middle East"},"content":{"rendered":"\n<p>The International Monetary Fund (IMF) revised its growth forecasts for the Middle East and Central Asia as economies were affected by worse than expected oil crisis and Covid-19 pandemic, according to Reuters.<\/p>\n\n\n\n<p>The region, which includes about 30 countries from Mauritania to Kazakhstan, will see real GDP drop by 4.7% this year, two points less than IMFs forecast in April.<\/p>\n\n\n\n<p>The pandemic hit the tourism and trade sectors, while low oil prices put pressure on the financial resources of regional oil exporters.<\/p>\n\n\n\n<p>The fund estimates that Gulf energy producers will see real GDP drop by 7.1% this year, down from April&#8217;s forecast of a nearly 3% drop, but just below the 7.6% contraction that the IMF expected at the end of June.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund (IMF) revised its growth forecasts for the Middle East and Central Asia as economies were affected by worse than expected oil crisis and Covid-19 pandemic, according to Reuters. The region, which includes about 30 countries from Mauritania to Kazakhstan, will see real GDP drop by 4.7% this year, two points less &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,36],"tags":[6849,6946],"class_list":["post-31265","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-market-updates","tag-asia","tag-imf"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31265"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31265\/revisions"}],"predecessor-version":[{"id":31269,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31265\/revisions\/31269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31140"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}