[size=36]The International Monetary Fund expects inflation in the Middle East to rise to 12.9% by the end of 2021[/size]
The International Monetary Fund revealed its expectations that inflation in the Middle East and North Africa will rise to 12.9% in 2021 and reach 8.8% in 2022.
The latest regional economic outlook report for the Middle East and Central Asia issued by the Autumn Meetings, today, pointed out today. On Wednesday, it announced “raising the economic growth forecast in the Middle East and North Africa by 0.1% to 4.1% in 2021, and by 0.4% to 4.1% in 2022.”
The report indicated that "the total debt of the oil-importing countries in the Middle East and North Africa will exceed 100% of the total GDP in 2021, and that the need for financing in the oil-importing countries in the Middle East and North Africa will increase by 50% compared to the rates of 2018-2019."
With regard to the “Covid-19” pandemic, the Fund stated that “the course of the economy in 2021 still depends on the course of the Corona epidemic and the decisions of the Organization of Petroleum Exporting Countries “OPEC +”, and that the distribution of vaccines and developments in the oil market and tourism are among the most important factors that will support recovery".
The Fund expected that the oil activities of the exporting countries in the Middle East and Central Asia would rise to 5.3% in 2021, and to 4.4% in 2022. Ended 29/A4