The IMF has announced a revision of its expectations for economic growth in the Middle East and North Africa. According to the updated data, by 2025 the region will show an increase in GDP of only 2.6%. This decrease in the forecast is attributed to a number of factors, among which are the ongoing global trade instability and falling energy prices. These circumstances put pressure on the economies of the regions, undermining their resilience and slowing the pace of recovery. The new indicator looks noticeably worse compared to the IMF's October calculations, when it was assumed that the region's economies would grow by 4%. However, the current geopolitical situation, the instability of the oil market and the reduction in external demand have created additional challenges that have forced the fund to reconsider its expectations.
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