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The Independent UK
The Independent UK
National
Malak Harb

IMF says Mideast, North Africa economies resilient in 2022

Copyright 2022 The Associated Press. All rights reserved.

The economies of Middle Eastern and North African countries were resilient this year, but double-digit inflation is expected to slow growth in 2023, the International Monetary Fund said Monday.

The IMF forecast GDP growth at 5% in 2022 for countries in the region. For oil-exporting nations, growth was projected at 5.2%, mainly due to high oil prices and robust GDP growth in other countries, which offset the impact of high food prices.

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