Thursday, January 14, 2016

2.5 percent growth in 2016 forecasted by the World Bank. Higher consumption and expenditures on refugees seen as main driver


The economy is expected to grow by 2.5 percent in 2016. It is estimated that it grew by two percent last year, the World Bank (WB) said in a recent report.

This forecasted improvement may be attributed to higher consumption growth, thanks to declining oil and food prices and the large numbers of refugees and related public expenditures, according to the WB's Global Economic Prospects report.

The country will benefit from export opportunities to Iran, after the lifting of the emb...

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