Slower growth expected in Middle East, North Africa in 2025: IMF
The Peninsula
Dubai: The International Monetary Fund revised its 2025 economic forecasts downwards for the Middle East and North Africa on Thursday, with trade tens...
Dubai: The International Monetary Fund revised its 2025 economic forecasts downwards for the Middle East and North Africa on Thursday, with trade tensions and increased uncertainty expected to weigh on growth.
"Growth is still projected to increase in 2025 and 2026, but at a considerably slower pace than anticipated last October," the IMF said in its regional report published Thursday.
The lender lowered growth projections from 4 percent to 2.6 percent for 2025, and from 4.2 percent to 3.4 percent for 2026.
The revision reflects "spillovers from global trade tensions and high global uncertainty, a more gradual recovery in oil production, the lingering effects from conflicts in the region, and slower-than-expected progress on structural reforms in some countries", it said.
Tariffs put in place by US President Donald Trump, however, are not expected to have a direct impact on the region.
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