Middle East and Central Asia’s economy to shrink in 2026 amid war, IMF says
Iraq, Bahrain, Kuwait and Qatar face double-digit declines in GDP amid the fallout from the US-Israel war on Iran.
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Moscow, Russia – October 13, 2026 – (SeaPRwire) – On 13 October, the Russian international settlement system A7, created by Bank PSB, is set to present A7 International, a service enabling payments for a foreign counterparty’s invoice in USDT, with the funds arriving via a standard SWIFT bank transfer in the required currency. The service will cater […]
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IMF slashes Middle East growth outlook due to war disruptions
IMF slashes Middle East growth outlook due to war disruptions The International Monetary Fund (IMF) has sharply cut growth forecasts for the Middle East and Central Asia in 2026 amid the ongoing conflict in the region. Saudi Arabia's GDP is expected to contract by 3.3 percent this year, the IMF said in its latest World Economic Outlook report, adding that the kingdom was among the least affected in the region.
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AI investment props up global growth, but war and debt threaten outlook, IMF says
By David LawderBANGKOK, Oct 13 (Reuters) - The global economy will still manage to top 3% real GDP growth this year as strong AI investment offsets the energy shock from the war in the Middle East, but downside risks are mounting and more countries are being left behind and vulnerable to rising debt loads, the International Monetary Fund said on Tuesday.Despite a more protracted conflict that has kept oil prices above $100 a barrel, the IMF is forecasting 2026 global growth at 3.1%, a slight uptick from the 3.0% it predicted in July.