IMF Sees Middle East Growth at 5%

The president of the World Bank, David Malpass, during the meetings with IMF (EPA)

The Middle East is projected to grow at five percent this year, up from 4.1 percent in 2021. However, it will slow next year to 3.6 percent due to the worsening global conditions, according to the director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour.

"The economic activity in the region has been resilient so far with a multispeed recovery continuing in 2022, and we project the region will grow five percent this year," said Azour.