THE United Nations Economic and Social Commission for Western Asia (ESCWA) has forecast a gradual resurgence for the Arab economy during 2026, with the growth rate ascending to 3.7 per cent, compared to 2.9 per cent in the previous year.
The report issued today by the UN Commission, entitled “Macroeconomic Projections for the Arab Region,” elucidated that this improvement materializes notwithstanding escalating geopolitical tensions and the persistence of global financial pressures. It indicated a likely decline in the regional inflation rate to 5.4 per cent by the year 2027, propelled by the stabilization of supply chains and the expansion of non-oil sectors.
The report noted a disparity in growth indicators among Arab states; it is anticipated that high-income nations will register growth of 4.2 per cent, while middle-income countries are projected to achieve growth of 3.3 per cent. Conversely, low-income nations confront acute financial and humanitarian strains, with expectations of only a limited recovery over the forthcoming two years.
ANI
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