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The International Monetary Fund (IMF), which recently upgraded its 2025 growth forecast for West Asia, said that the region still faces downside risks despite some easing in geopolitical tensions.
The IMF increased its 2025 GDP growth estimate for West Asia to 3.3%, up from the 2.6% projected in May.
“The outlook this year reflected a resilience, despite the fact that we live in elevated global uncertainty and a situation where trade tariffs affected most of the world and the geopolitical tensions are still there,” Azour, director of the IMF’s west and central Asia department, told Reuters.