IMF sees 1.3% contraction in Middle East, North Africa and Pakistan in 2026
DUBAI: The IMF on Thursday forecast a sharp drop in economic output in the Middle East, North Africa and Pakistan this year due to the US-Israeli-led war against Iran, followed by a rebound to 6.6% growth in 2027, while warning that further energy productio...
DUBAI: The IMF on Thursday forecast a sharp drop in economic output in the Middle East, North Africa and Pakistan this year due to the US-Israeli-led war against Iran, followed by a rebound to 6.6% growth in 2027, while warning that further energy production disruptions could worsen the outlook. The International Monetary Fund said the region’s output was expected to contract by 1.3% as a result of the war’s impa...