A World Bank report shows that the conflict in the Middle East has increased uncertainty about the region's growth outlook. The World Bank expects growth in the Middle East and North Africa region to increase to 3.5 percent in 2024 and 2025.
According to the World Bank's Global Economic Prospects report, growth in the GCC is expected to rise to 3.6 percent in 2024 and 3.8 percent in 2025.
In Arab oil importers, growth is expected to pick up to 3.2 percent this year and 3.7 percent in 2025. Growth will rise in some countries, notably in Djibouti, Morocco, and Tunisia, but countries close to conflict will be hardest hit.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
