Despite Risks in the Middle East, IMF Head Remains Confident

At the World Governments Summit in Dubai, the head of the International Monetary Fund (IMF) expressed confidence in the development of the global economy, despite risks posed by wars and geopolitical situations. Despite these challenges, Kristalina Georgieva stated that the global economy has proven to be surprisingly robust. However, she cautioned that further implications could result from the ongoing Gaza war, which could compound challenges for economies still recovering from previous shocks.

The IMF recently lowered its growth forecast for the Middle East and North Africa region to 2.9 percent, 0.5 percentage points less than assumed in October. The organization emphasized that the outlook for the region is extremely uncertain, with many risks dominating, including an expansion of the conflict in the Gaza Strip to countries neighboring Israel and trade disruptions caused by violence in the Red Sea having serious consequences on industries such as tourism.

By Editor

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