Overview
- The IMF now projects 2025 GDP growth for the Middle East and North Africa at 2.6%, significantly lower than its October forecast of 4%.
- The downgrade reflects challenges including declining oil prices, global trade uncertainties, and prolonged regional conflicts.
- Growth for oil-importing MENA countries is now forecasted at 3.4%, down from 3.6%, while GCC economies are expected to grow by 3%, revised from 4.2%.
- The IMF emphasizes the need for structural reforms, economic diversification, and productivity improvements to strengthen non-oil sectors.
- Discussions with Lebanese officials and calls for international support for Syria highlight the pressing need for recovery in fragile states.