Middle East economy - updates

Rappler's latest stories on Middle East economy

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IMF predicts worst Middle East downturn in half century

Jul 13, 2020 - 8:50 PM

The International Monetary Fund sees the Middle East and North Africa regional economy shrinking by 5.7% in 2020

Cars drive down King Fahad boulevard after the authorities eased some of the lockdown measures that had been imposed in a bid to slow down the spead of the novel coronavirus, in the Saudi capital Riyadh on June 21, 2020. (Photo by FAYEZ NURELDINE / AFP)

IMF sharply cuts Saudi forecast as oil, virus hit economy

Jun 24, 2020 - 10:45 PM

The International Monetary Fund predicts Saudi Arabia's economy will contract by 6.8% in 2020

A picture taken on March 23, 2020, shows the empty King Fahd road in the Saudi capital Riyadh after authorities imposed a curfew for 21 days to curb the spread of the COVID-19 coronavirus pandemic. (Photo by FAYEZ NURELDINE / AFP)

Middle East debt, unemployment to spike in virus recession – IMF

Apr 15, 2020 - 6:40 PM

Countries in the Middle East and North Africa will lose hundreds of billions of dollars in revenues in 2020, says the International Monetary Fund

A picture taken on March 23, 2020, shows the empty King Fahd road in the Saudi capital Riyadh after authorities imposed a curfew for 21 days to curb the spread of the COVID-19 coronavirus pandemic. (Photo by FAYEZ NURELDINE / AFP)

Middle East economy set for worst slump in decades – IMF

Apr 14, 2020 - 11:10 PM

For 2020, the International Monetary Fund sees the Middle East and North Africa region suffering its worst economic performance since 1978

A Saudi man, wearing a protective mask as a precaution against COVID-19 coronavirus disease, walks along Tahlia street in the centre of the capital Riyadh on March 15, 2020. (Photo by FAYEZ NURELDINE / AFP)

IMF urges action to face 'big drop' in Mideast growth

Mar 24, 2020 - 10:45 PM

The International Monetary Fund says governments across the Middle East must swiftly draw up rescue packages to counter the effects of the coronavirus pandemic

This picture taken on March 24, 2020 from al-Hamra Tower, tallest business building in Kuwait, shows a view of the empty streets in Kuwait City during a government-imposed curfew as a measure to prevent further spread of COVID-19 coronavirus disease. (Photo by YASSER AL-ZAYYAT / AFP)

IMF slashes Mideast growth projections over Iran sanctions

Jul 23, 2019 - 11:35 PM

The International Monetary Fund projects 2019 economic growth for the Middle East, North Africa, Afghanistan, and Pakistan would be 1%, its worst since the IMF put them in one group in 2009