IMF lowers its forecast for economic growth of Middle East and Central Asia

The International Monetary Fund (IMF) predicts that gross domestic product (GDP) production in the Middle East and Central Asia region will increase by 4.8% this year, which is 1 phase point less than the actual indicator of 2021, Report informs, citing the IMF's "World Economic outlook update July 2022.

In 2023, the IMF lowered the forecast for the economic growth of the Middle East and Central Asia by 2.3 percentage points to 3.5%.