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IMF cuts Middle East growth forecast to 0.7% after Hormuz closure

IMF cuts Middle East growth forecast to 0.7% after Hormuz closure

The International Monetary Fund (IMF) has cut its 2026 growth forecast for the Middle East to 0.7 per cent, a 1.2 percentage point downgrade from April, citing the fall-out from the Strait of Hormuz closure on regional energy exports. In its World... Read more.

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