A worker walks at Nahr Bin Umar oil field, north of Basra, Iraq December 21, 2015. REUTERS/Essam Al-Sudani
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A massive slide in the economic growth of Middle East top oil exporters is weighing heavily on the outlook of the region, the International Monetary Fund said Tuesday.Iran's growth is forecast to slide to 3.5 percent this year down from a strong 12.5 percent in 2016 .Iraq's economy, which experienced healthy 11 percent growth in 2016, is expected to fall into negative territory and shrink by 0.4 percent this year.In all, the growth of MENA oil exporters Iran, Iraq, Algeria and the six Gulf Cooperation Council states is forecast to end this year at 1.7 percent from 5.6 percent in 2016 .
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