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World Bank again lowers its expectations for the growth of Gulf economies for 2024
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Economy News - Follow-up
For the third time this year, the World Bank has revised its growth forecast for the Gulf economies down to 1.6%. However, the bank highlighted the region’s ability to deal with global turmoil with remarkable resilience,
And its steady continuation towards achieving economic diversification.
The World Bank, in its report issued today, Sunday, which reviews the latest economic developments in the region, expects economic growth to accelerate to 4.2% over the next two years.
The World Bank’s new estimates for the growth of the Gulf economies are close to those issued by the International Monetary Fund last October, where the fund predicted growth of 1.8% for the current year, which is expected to rise to 4.2% by 2025.
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Added 12/02/2024 - 9:17 AM
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Economy News - Follow-up
For the third time this year, the World Bank has revised its growth forecast for the Gulf economies down to 1.6%. However, the bank highlighted the region’s ability to deal with global turmoil with remarkable resilience,
And its steady continuation towards achieving economic diversification.
The World Bank, in its report issued today, Sunday, which reviews the latest economic developments in the region, expects economic growth to accelerate to 4.2% over the next two years.
The World Bank’s new estimates for the growth of the Gulf economies are close to those issued by the International Monetary Fund last October, where the fund predicted growth of 1.8% for the current year, which is expected to rise to 4.2% by 2025.
89 views
Added 12/02/2024 - 9:17 AM
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