The Executive Director of the International Monetary Fund, Dr. Mahmoud Mohieldin, predicted that the expected growth rates of the global economy this year will range between 3 and 3.5 percent.
He explained, "At the level of the Arab countries and the Middle East, they should, by their nature, have higher growth than global averages. It was expected that the growth rate in the region before the bloody events in Gaza would be between 3.4 or 3.5 percent, but the talk is currently about a growth rate." For the region at a rate of 2.9 percent, that is, less than the already weak global economic growth rate.” Considering that "the growth rate of the Arab economy and the economies of the Middle East in general is less than what is required in order to achieve the goals of sustainable development, eradicate poverty, and provide job opportunities for young people, according to Mohieldin."
Source (Al-Arabiya.net Website, Edited)
