In a statement at the World Governments Summit in Dubai, the head of the International Monetary Fund (IMF) expressed confidence in the development of the global economy, despite risks due to wars and geopolitical situations. However, she cautioned that further implications could result from the ongoing Gaza war, which could compound challenges for economies still recovering from previous shocks.
In recent news, the IMF has lowered its growth forecast for the Middle East and North Africa region to 2.9 percent, which is 0.5 percentage points less than what was assumed in October. The organization emphasized that the outlook for the region is extremely uncertain, with many risks dominating, including an expansion of conflict in the Gaza Strip to countries neighboring Israel and trade disruptions caused by violence in the Red Sea. These factors could have serious consequences, particularly on the tourism industry.