World Bank emphasizes five key sectors for jobs
The Director of Operations at the World Bank, Anna Bjerde, confirmed that the conflict in the Middle East is impacting the global economy, with growth forecasts lowered from 2.9% to around 2.5%, in addition to increasing inflation pressures. She explained that the region is directly affected due to its proximity to the conflict zones, especially the Strait of Hormuz, with impacts evident on oil exports, energy prices, tourism, and aviation. An urgent response from the World Bank is required, including immediate financial support and policies to tackle economic challenges, with a focus on enhancing economic resilience and investing in key sectors.
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