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MENAAP GDP Growth Up, Iran's Economy Set to Contract

10/8/2025

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Story summary
  • World Bank raises 2025 GDP growth for the MENAAP region to 2.8% from 2.6%.
  • Conflicts and lower oil production in Iran and Libya reduce the 2026 forecast.
  • Forecasts show Iran's economy contracting 1.7% in 2025 and 2.8% in 2026.
  • Oil-importing countries see improved outlooks from private consumption, investment, and tourism.