IMF Reverses Iran Growth, Lifts Saudi Forecast
naharnet -

The International Monetary Fund on Tuesday predicted Iran's economy will sink deep in the red due to renewed US sanctions but forecast increased Saudi growth on the back of higher oil production.

In its World Economic Outlook, the IMF said the oil-dependent economy of the Islamic republic is expected to shrink by 1.5 percent this year and by 3.6 percent in 2019.



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