The news, anew
Finance ministers gathering for the IMF annual meeting know the need for multilateral cooperation to deal with many crises. There is little chance of that, says Guardian columnist Larry Elliott
Business
Gulf economies will not return to pre-war growth soon, IMF warns The International Monetary Fund (IMF) expects Middle Eastern economies to bounce back, but not in the medium term, the organisation's regional chief said on Thursday. "We will not go back to the pre-war trajectory in the medium term because this shock will have a scarring impact on various sectors and also will disrupt a certain number of infrastructure, and will require additional spending in order to increase resilience," IMF…
Business
Officials meet in Thailand as conflict drives energy prices higher and casts uncertainty over global economy.
Business
By Andrea ShalalBANGKOK, Oct 15 (Reuters) - Prolonged war in the Middle East and further disruptions to energy production, shipping routes or critical infrastructure pose the biggest risk to economies in the Middle East and Central Asia, the International Monetary Fund said on Thursday.Jihad Azour, the IMF's director for the Middle East and Central Asia, told reporters the war was imposing a highly uneven economic shock to the broader region, with directly affected states under severe pressure.
