Despite Risks in the Middle East, IMF Head Remains Confident

IMF Expresses Confidence in Global Economy Resilience Despite Ongoing Risks

At the World Governments Summit in Dubai, the head of the International Monetary Fund (IMF) expressed confidence in the resilience of the global economy despite ongoing risks due to wars and geopolitical instability. Kristalina Georgieva stated that despite these challenges, the global economy has shown surprising strength. However, she warned that the ongoing conflict in Gaza could have further implications, exacerbating difficulties for economies already struggling to recover from previous shocks.

Recently, the IMF lowered its growth forecast for the Middle East and North Africa region to 2.9 percent, a full percentage point lower than previously predicted in October. The organization emphasized that the outlook for the region remains uncertain, with many risks looming over it. Among these are an escalation of violence in Gaza and neighboring countries, as well as disruptions to trade caused by violence in the Red Sea. These factors could have serious consequences, including on the tourism industry.

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