The expectations of the International Monetary Fund for Arab countries in 2021

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The expectations of the International Monetary Fund for Arab countries in 2021

Expect International Monetary Fund A sharp contraction in the economy this year, but he is optimistic about the recovery of the world’s economies, including Arab ones, in 2021 and the Fund reduced its expectations for global economic growth this year in light of the uncertainty associated with the spread Corona virus emerging In the world, the Fund said in the report of the “Global Economic Prospects” for the month of April, that Covid 19 caused high and high human costs all over the world, and the isolation measures severely affect the economic activity. The chief economist of the International Monetary Fund, Geeta Gopinath, reported: In the second half of 2020 that stimulus measures around the world are effective, we expect global growth in 2021 to rise, in part, to 5.8%. “

With regard to the fund’s expectations for the Arab region for the year 2021, the data showed that Iraq will top the Arab countries in terms of economic growth, as its economy will rise next year by 7.2%, after a decline in this year by 4.7%, and Iraq comes second, Algeria, according to the fund, the economy The Algerian will grow in 2021 by 6.2%, after a decline in 2020 by 5.2% in third place, Qatar will come in growth in 2021 by 5%, after a contraction in 2020 by 4.3%, then Morocco will grow by 4.8%, while Saudi Arabia will grow in 2021 by 2.9% to occupy In the ranking of Arab countries in terms of growth ranked tenth, and surprisingly in the report that Egypt, the state The only Arab country to grow in 2020 will rank 11th on the list and grow in 2021 by 2.8%.

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