Fiscal deficits are mounting for countries in the Middle East, North Africa and Central Asia because of lingering conflict and low oil prices, the IMF said. The International Monetary Fund said the region as a whole should witness stagnant economic growth of around 2.5 percent for 2015. Conflict, the IMF said, is taking a “horrendous” toll on the region and a weak crude oil market is making matters worse. “For the region’s oil exporters, the fall in prices has led to large export revenue losses, amounting to a staggering $360 billion this year alone,” Masood Ahmed, the IMF’s regional director, said from Dubai. Crude oil prices spiked briefly in […]