Rising oil prices will indirectly boost economic growth said the Institute of International Finance (IIF) in a report released recently. It will also lead to a widening of the fiscal and current account deficits, and will increase inflationary pressures.
The 'MENA Oil Importers-Impact of Higher Oil Prices' report said that the rise in oil prices would lead to an increase in remittances and foreign direct investment from GCC countries. Lebanon would also benefit from an improvement in bila...
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