The International Monetary Fund has indicated that Middle Eastern nations reliant on energy exports are unlikely to regain their previous growth patterns in the near future. Regional director Jihad Azour explained that the ongoing hostilities, which have impacted maritime energy routes and infrastructure, will leave lasting economic damage. The organization anticipates a contraction across Gulf economies as the conflict continues to affect the region. According to the IMF, the necessity for increased spending to bolster infrastructure resilience and the persistent disruption caused by the fighting will prevent a swift return to pre-war economic conditions. This assessment highlights the long-term structural impact that the current geopolitical instability is having on the financial stability of energy-producing states in the Middle East.
Source : Online Khabar
Photo : Online Khabar
