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IMF revises down Mideast growth outlook on war, trade disruptions | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
The International Monetary
Fund said on Thursday Middle East economies would grow at a
slower pace this year than it previously projected as the war in
Gaza, attacks on Red Sea shipping and lower oil. -April 18, 2024 at 12:19 pm EDT
- MarketScreener
The International Monetary Fund said on Thursday Middle East economies would grow at a slower pace this year than it previously projected as the war in Gaza, attacks on Red Sea shipping and lower oil output add to existing challenges of high debt and borrowing costs. The IMF revised down its 2024 growth forecast for the Middle East and North Africa (MENA) region to 2.7% from 3.4% in its October regional outlook. That would be an improvement from 1.9% growth in 2023.