Iraq war effect on Mideast less severe - IMF

An IMF official told Reuters Thursday that the Iraq war was unlikely to have as severe an effect as expected on the Middle East economy because the conflict was relatively short.

Source: Reuters

The International Monetary Fund said yesterday the effect of the Iraq war on the Middle East economy would be less severe than expected because the war was short, and forecast regional GDP growth of near five per cent in 2003.

'Now that the war is over and it was for a short duration, I think these effec