due to the high degree of uncertainty regarding the development of the situation with coronavirus, the international monetary Fund (IMF) has predicted a worsening economic situation in the Middle East and North Africa (MENA, English Middle East & North Africa). The most powerful impact on the GDP predicted to the countries-exporters of oil, says CNBC, citing data from the Fund.
it follows from the last report, a decline of 7.3 per cent for countries-oil exporters MENA and Pakistan and Afghanistan, countries-importers — 1.1 percent. This result is associated with the fluctuation of oil prices and strict quarantine imposed because of the threat of the spread of coronavirus. The factors that had a negative impact on the economy of the countries-importers of oil, experts have called restrictions on trade, tourism and remittances.
the economy of the MENA States will shrink by 5.7 percent in 2020. In April, the decline was estimated at 3.3 percent. According to the Director of the Department of Middle East and Central Asia IMF Jihad Azur, the region experienced a double shock (a pandemic COVID-19 and a decline in prices for raw materials). Data for the forecast had to be revised to take account of differences in the economies of the States and the role that plays for them oil.
According to the IMF, the world economy will fall by 4.9 percent this year, the recovery of 5.4 percent is expected in 2021-m. national debt of all countries of the world for the first time in the history of the reach of 101.5 per cent of the world GDP by the end of 2020 and to update the record, and after the Second world war.