Thursday 14, June 2012 by Robin Amlôt
Global economic turmoil drags down MENA growth - World Bank
Uncertainty, volatility, and political change continue to characterise conditions in the Middle East and North Africa (MENA) region, said the World Bank. Aggregate GDP grew by one per cent in 2011, down from 3.8 per cent in 2010. Regional growth is projected to remain weak at 0.6 per cent for 2012, mainly reflecting the influence of sanctions on growth in Iran, and continued GDP declines in Syria and Yemen.
