Roberta Gatti News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Event brought together top-tier attendees including UAE Minister Abdulla Bin Touq Al Marri

The World Bank is forecasting a 5.9% growth for Saudi Arabia’s economy in 2025, surpassing previous estimates. This surge is fueled by heightened non-oil activities and anticipated increases in oil prices, as explained by Roberta Gatti, Chief Economist for the Middle East and North Africa (MENA) region at the World Bank. The bank now expects the Kingdom’s economy to expand by 5.9% next year, a significant increase from its earlier prediction of 4.2%. It also forecasts a 4.8% growth in the non-oil private sector in Saudi Arabia this year.

What WFP cuts mean for people in hunger crises around the world - The New Humanitarian puts quality, independent journalism at the service of the millions of people affected by humanitarian crises around the world

The global surge in interest rates, the depreciation of currencies, and the resulting inflationary pressures are having major ramifications on the livelihoods of people across the Middle East and North Africa (MENA) region. The region continues to recover from the impact of the COVID-19 shock and tries to navigate the heightened volatility in its terms of trade stemming from Russia’s invasion of Ukraine. The region’s average economic growth is expected to decelerate this year from last year. Why? And what do labor market challenges and their effect on job numbers and real wages have to do ...

The World Bank expects a sharp decline in the growth of the economies of the countries of the Middle East and North Africa region this year, reaching 1.9 percent from 6 percent last year, driven by reduced oil production, tight global financial conditions, and high inflation.