The World Bank cut its growth forecast for the Middle East and North Africa (MENA) region to 3.4 percent this year from its previous forecast for October. Growth is likely to continue to recover to 4.15 percent in 2026.
The bank attributed the cut to continued production cuts by major oil producers. The main risks to the region's growth prospects are armed conflicts, increased political uncertainty and unexpected global policy shifts.
Other risks include rising global inflation and the resulting tightening of global financial conditions, as well as the increased frequency of climate events.
Source (Al-Arabiya.net Website, Edited)
