Middle East recovery uneven and dependent on vaccine strategy: IMF


DUBAI, United Arab Emirates — The International Monetary Fund has raised its economic outlook for the Middle East and North Africa region’s growth in 2020 by 1.2 percentage points to an overall contraction of 3.8%, showing that despite some progress since the coronavirus pandemic began, it’s still been a brutal year by any account.   

Recovery will be varied and based largely on countries’ investments and strategies for vaccine distribution. But there has been one bright spot for the Gulf states in particular — the lifting of the political and economic blockade of Qatar by other GCC countries, the IMF’s Middle East and Central Asia Director Jihad Azour told CNBC on Wednesday.



Heart-shaped Kate Spade bag sold out after going viral on TikTok: Tapestry CEO

Previous article

Unity Software (U) earnings Q4 2020

Next article

You may also like

Leave a Reply

Notify of

More in Energy