5 Hrs
Source:
الاقتصادية
_1777294237270_124456903.png&w=64&q=75){kind=small}
IMF: Middle East shows strong resilience
Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund, affirmed that the economies of the Middle East have demonstrated greater resilience than expected in the face of the war's repercussions, with its impact significantly diminished thanks to pre-war surpluses, alternative oil transportation routes, demand adaptation, and large stockpiles. Although the region’s economy is projected to shrink by 1.3% in 2026, growth is expected to rebound to 6.6% in 2027. However, market stability could be affected by a prolongation of the war or a rise in energy disruptions, which may lead to higher energy prices and larger global adjustments. Oil-importing countries have maintained their resilience thanks to worker remittances, tourism, and government support, but political margins are narrowing, with inflation expected to gradually rise. Azour warned that ongoing conflict could weaken economic activity in Gulf countries, increase inflationary pressures, and expose weaker economies to greater risks, calling for policies aimed at maintaining price stability and strengthening economic capabilities to face future shocks.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)