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Won't change Saudi recovery forecasts due to Khashoggi's death, says IMF

The Khashoggi affair threatens to damage relations between Western governments and Saudi Arabia, possibly prompting them to impose sanctions on Riyadh or on Saudi individuals

Reuters  |  Dubai 

The International Monetary Fund is not changing its forecasts for a recovery in Saudi Arabia's economy in response to the furore over the death of dissident Jamal Khashoggi, a senior IMF official said. Asked whether the IMF felt a need to re-examine its expectations for the economy because of the Khashoggi affair, Jihad Azour, director of the Middle East and Central Asia department at the Fund, said it did not. "What would have an impact is how oil prices will have moved going forward, and a certain number of other indicators like the pace of fiscal adjustment and the ...

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First Published: Tue, November 13 2018. 11:10 IST