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The IMF expects the UAE economy to grow by 5.1% in 2025

The IMF expects the UAE economy to grow by 5.1% in 2025

The Fund expected in the World Economic Outlook report issued on Tuesday on the sidelines of the meetings IMF The World Bank in Washington expects growth in the Middle East and Central Asia region to reach 2.4 percent this year and rise to 3.9 percent in 2025, amid expectations that temporary unrest in the region will fade. Oil production and shipping operations.

The Fund expects prices to rise Oil 0.9 percent in 2024 to about $81 per barrel.

For his part, Pierre-Olivier Gorinchas, chief economist at… International Monetary Fund Tuesday progress is slowing down Inflation It has been more pronounced in advanced economies such as the United States, while it will take longer in countries in the Middle East and Sub-Saharan Africa, which face double-digit price increases.

Gorinchas added in a press conference that the risks of recession in the United States are declining because the strong economic performance of the United States is driven by improved productivity and labor availability due to the influx of immigrants.



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