US EditionTariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says
- The International Monetary Fund released a report on May 1, 2025, warning that Middle East and North Africa economies face significant growth challenges due to multiple uncertainties.
- These challenges stem from tariff plans by the U.S. And others, lower oil prices falling from over $120 a barrel in 2022 to $65-$69 expected in 2025-2026, and cuts to foreign aid.
- The report highlights that Persian Gulf countries have seen a notable increase in foreign direct investment, amounting to almost 2% of their GDP growth since the onset of the pandemic, whereas other nations in the Middle East and North Africa are experiencing a decline in investment inflows.
- Jihad Azour, IMF director for the Middle East and Central Asia, warned in Dubai that these uncertainties might slow regional growth by 2% to 4.5% and emphasized that governments must take proactive measures and develop strategies to safeguard their economies.
- The IMF indicated it will support some struggling countries, including Syria, where recovery needs regional and international aid, institutional reform, and addressing infrastructure and social issues over a long process.
18 Articles
18 Articles
IMF: Global uncertainty weighing on MENA economies
he International Monetary Fund says countries across the Middle East and North Africa face significant challenges to economic growth as they face uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid.
Associated Press News
Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says
The International Monetary Fund says that countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid.
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IMF slashes growth forecast for Middle East exporters as oil prices dip – Oil & Gas 360
(Oil Price) – The International Monetary Fund (IMF) has downgraded its economic growth forecast for the oil exporters in the Middle East to 2.3% from 4% expected in October, due to the slide in oil prices. “Across the region, rising trade tensions and policy uncertainty are adding to the impact of conflicts and extended oil production cuts to weaken growth prospects,” the IMF said on Thursday in its Regional Economic Outlook for the Middle East a
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