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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Ahmed al-Ghemrawi

IMF Warns: MENA Region Faces 4 Challenges

Jihad Azour MENA International Monetary Fund Fund Inflation Middle East Tunisia GDP North Africa
International Monetary Fund Managing Director Kristalina Georgieva speaks at a news conference during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington, Thursday, April 13, 2023. (AP)

Growth of the real GDP in the Middle East and North Africa (MENA) region is projected to slow this year to 3.1 percent from 5.3 percent in the previous year, announced Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour.

Azour added that inflation is forecast to remain unchanged at around 15 percent this year before declining modestly in 2024.

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