Summarizing the IMF’s May 2025 Regional Economic Outlook for the Middle East and North Africa on May 1, 2025 in Dubai, Mr. Jihad Azour, Director of the Middle East and Central Asia Department, outlined the following:
In terms of overview, Mr. Azour said, “we expect growth in the MENA region to continue to increase this year and next year, but at a slower pace than we foresaw at the time of our October 2024 REO. Rising trade tensions, increased geopolitical fragmentation, and weaker international cooperation are generating extraordinary uncertainty, which is weighing on global economic prospects”.
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IMF MENA- Growth Expected at 2.6% in 2025 in a Hazy Environment