IMF says Iran nuclear deal to boost Mideast economy

Iranian Foreign Minister Mohammad Javad Zarif (R) and EU foreign policy chief Federica Mogherini pose for a picture ahead of a joint news conference in the capital Tehran on July 28, 2015Iran’s landmark nuclear deal will lift economic growth in the war-plagued Middle East next year as the rolling back of sanctions brings a rebound in oil exports, the IMF said Tuesday. “The lifting of sanctions… should allow for a recovery in oil production and exports,” it added, while predicting “a gradual improvement in the outlook for countries severely affected by conflicts, such as Iraq, Libya and Yemen”. Oil exporters, which include the Gulf states, Iran, Iraq, Yemen, Libya and Algeria, account for most of the weakness in growth this year.

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