Business Extra

What the IMF’s forecasts mean for the Middle East


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The head of the IMF, Kristalina Georgieva, this week starkly warned of the possibility of a global recession during the organisation’s annual meeting in Washington DC.
 
“We cannot possibly allow inflation to become a runaway train - it’s bad for growth and bad for people,” she said. “Bad especially for poor people.”
 
The National's Editor-in-Chief Mina Al-Oraibi and US correspondent Willy Lowry discuss the IMF's reduced growth projections for the year ahead - and ask: what does it mean for the Middle East?
 
Read more on our website:
  • IMF cuts 2023 growth forecast and warns 'worst is yet to come'
  • US inflation hits 40-year high
  • IMF chief warns of risks of 'runaway' inflation
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