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International Monetary Fund: Growth in the Middle East will slow to 3.1% in 2023
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Economy News-Baghdad
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Added 04/13/2023 - 8:24 PM
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Economy News-Baghdad
The Director of the Middle East and Central Asia Department at the International Monetary Fund, Jihad Azour, said during a press conference today, Thursday, that the growth of the gross domestic product of the Middle East and North Africa will slow to 3.1% in 2023.
He added that growth in oil-exporting countries in the region will slow to 3.1% in 2023 from 5.7% in 2022.
The Director of the Middle East and North Africa Department at the International Monetary Fund, Jihad Azour, said earlier that the oil markets will have the greatest impact on the Gulf economies in 2023, pointing to the strength of the economies of the countries of the region compared to the global economy.
Azour pointed out that economic diversification is an important element for the growth of the economies of the Gulf states.
He revealed that combating inflation is a necessity for the economies of oil-importing countries.
Views 379
Added 04/13/2023 - 8:24 PM
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