IMF forecasts Middle East GDP contraction as war drags on

The prolonged Middle East conflict is likely to push the region’s economy into contraction this year, but 2027 will see a stronger rebound than previously expected, according to the International Monetary Fund. Economies across Mena and Central Asia are expected to shrink 0.3 percent this year and grow by 6.3 percent in 2027, the IMF […]