Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The World Bank lowers its forecasts for the economies of the Middle East in 2023

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 269951
    Join date : 2012-12-21
    • Post n°1

    The World Bank lowers its forecasts for the economies of the Middle East in 2023 Empty The World Bank lowers its forecasts for the economies of the Middle East in 2023

    Post by Rocky Wed 07 Jun 2023, 5:22 am

    The World Bank lowers its forecasts for the economies of the Middle East in 2023

    [You must be registered and logged in to see this image.]



    [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]


    Economy News - Baghdad
    The World Bank lowered its expectations for the growth of the economies of the Middle East and North Africa region during the current year by 1.3 percent to 2.2 percent, compared to its previous expectations in January, but it raised its expectations for the economies of the region during 2024 by 0.6 percent to 3.3 percent, and these expectations are much lower than the growth it achieved. These economies in 2022, which amounted to 5.9 percent.
    In its Global Economic Prospects report, the World Bank attributed this decline, saying that the Middle East and North Africa region began 2023 with steady but slow growth.
    He added that the oil-exporting countries, which witnessed high growth rates over ten years, and low unemployment rates during the past year, announced cuts in their oil production, and that oil-importing countries faced several challenges, most notably high inflation rates, with growth slowing significantly in 2023.
    Oil-exporting economies
    The World Bank said that with the fading of the recovery that oil-exporting countries enjoyed as a result of high oil prices and the decline in global demand for it, growth in oil production slowed rapidly from high rates recorded in late 2022.
    In general, the bank expected the growth rate in oil-exporting countries to slow to 2.0 percent in 2023, which is a significant decrease from what was expected only six months ago, before recovering to 3.2 percent in 2024.
    Oil-importing economies
    The bank also said that oil-importing economies witnessed the continuation of negative conditions until 2023, as average consumer price inflation reached levels not seen in more than ten years during the first half of the year.

     


    Views 326
    Added 06/06/2023 - 8:33 PM
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Sun 12 May 2024, 6:32 pm