Middle East faces one of sharpest downgrades since global financial crisis, IMF warns
IMF warns Middle East economic outlook has sharply worsened due to conflict. Growth projected to slow to just 1.4% this year, a major downgrade. Ongoing war risks pushing oil prices higher and causing further decline, especially impacting Gulf exporters and fragile states. Urgent need for balanced policies to support households while maintaining stability. The situation remains highly uncertain.
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