Reported about 9 hours ago
The International Monetary Fund (IMF) warns that Middle Eastern and North African economies are facing significant growth challenges due to tariff measures, declining oil prices, and reduced financial aid. The IMF report forecasts oil prices to average between $65 to $69 per barrel, making energy-dependent economies vulnerable. Moreover, geopolitical tensions and cuts in foreign assistance, particularly from the U.S., are contributing to economic uncertainty, potentially leading to a growth reduction of 2% to 4.5%. While some Gulf economies continue to attract foreign investment, others in the region struggle. The IMF suggests that structural reforms and economic diversification can help drive growth despite the challenges.
Source: YAHOO