Islamabad:
The International Monetary Fund (IMF) said that conflicts in Sudan, Gaza, Lebanon, Syria and Yemen have caused serious damage to the world economy.
In its regional report, economic prospects for the Middle East and Central Asia, the IMF has noted a significant drop in the growth projected among GCC oil exporters in 2025. The report indicates that the conflicts underway in Sudan, Gaza, Lebanon, Syria and Yemen have seriously harmed their savings.
The IMF also highlighted signs of economic recovery in Pakistan, with better agricultural production after recent floods. Among the oil importers of the Middle East, growth should reach 3.4% in 2025.
He said 4 million people were moved to Sudan due to civil war; While more than 50,000 and 4,300 people were killed in Gaza and Lebanon respectively.
According to the report, an economic contraction of 60% has been observed in Syria while there is strong persistent inflation in Lebanon. He said that in Egypt and Jordan, economic growth remains under pressure due to the regional overflow of conflicts.
The report also said that Pakistan has increased its interest rate by 550 basic points to reduce its budget deficit. In total, the public financing needs of Pakistan and the Middle East and North African countries (MENA) are estimated at $ 263 billion in 2025.
