The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises, says key IMF directors in a blogpost.
IMF Managing Director Kristalina Georgieva warned the escalating US-Israel-Iran conflict risks pushing global inflation higher, after oil prices surged more than 30 per cent in Asian trading to their highest levels since 2022.
Arab economies are expected to record a growth of 3.7 percent in the coming period, driven by increased oil production and the continued recovery of non-oil sectors, said Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF).
The International Monetary Fund has paved the way for about $2.3 billion in fresh financing for Egypt following the completion of the fifth and sixth reviews of Egypt’s economic reform programme and the first review under its Resilience and Sustainability Facility.
The UAE’s economy is expected to grow by 4.8% in 2025 and the growth rate will rise to about 5% in 2026, according to the International Monetary Fund (IMF).
The global economy is showing signs of a moderate slowdown after a first half of robust activity largely attributable to temporary factors — such as front-loading of trade and investment and inventory management strategies, says IMF's latest World Economic Outlook (WEO) report.
