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IMF sees 1.3% contraction in Middle East, North Africa and Pakistan in 2026
DUBAI: The IMF on Thursday forecast a sharp drop in economic output in the Middle East, North Africa and Pakistan this year due to the US-Israeli-led war against Iran, followed by a rebound to 6.6% growth in 2027, while warning that further energy production disruptions could worsen the outlook. The International Monetary Fund said the region’s output was expected to contract by 1.3% as a result of the war’s impact on energy production, shipping, tourism, trade and confidence. Economic output would increase sharply in 2027, but output in those economies would generally stay below pre-war ...
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