World Bank cuts Arab region’s growth forecasts
- Date: 07-Jun-2023
- Source: Al Bawaba
- Sector:Financial Services
- Country:Saudi Arabia
World Bank cuts Arab region’s growth forecasts
ALBAWABA – The World Bank (WB) lowered its growth forecast of the Arab region’s economies in 2023 from 3.5 percent, earlier in January, to 2.2 percent on Tuesday.
According to Bloomberg, the slash is caused by the slowdown in the growth rates of oil-exporting countries in the region.
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