{"id":359244,"date":"2024-01-30T19:55:55","date_gmt":"2024-01-30T22:55:55","guid":{"rendered":"https:\/\/anba.com.br\/middle-eastern-countries-to-grow-2-9-imf-estimates\/"},"modified":"2024-03-22T17:12:24","modified_gmt":"2024-03-22T20:12:24","slug":"middle-eastern-countries-to-grow-2-9-imf-estimates","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/middle-eastern-countries-to-grow-2-9-imf-estimates\/","title":{"rendered":"Middle Eastern countries to grow 2.9%, IMF estimates"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 The World Economic Outlook update issued this Tuesday (30) by the International Monetary Fund (IMF) projects the Gross Domestic Product (GDP) of Middle Eastern and Central Asian countries will grow 2.9% this year over 2023. The release is an update of the October 2023 outlook, which predicted a 3.4% expansion. For 2025, the fund\u2019s projection now sits at 4.2%, up from the 3.9% estimated three months ago. <em>Pictured above, an oil plant in Saudi Arabia.<\/em><\/p>\n<p>According to the document, the revisions were made mainly due to the performance of Saudi Arabia, one of the region\u2019s leading economies. These projections \u201ctemporarily\u201d reflect the lower oil output in 2024 due to production cuts agreed with the Organization of Petroleum Exporting Countries and its allies (OPEC+), which includes Russia and other countries.<\/p>\n<p>Concerning Brazil, projections indicate a 1.7% GDP expansion for this year, an increase over October estimates (1.5%). The fund\u2019s forecast for 2025 remained unchanged at 1.9%.<\/p>\n<p>The IMF also estimated global growth will be 3.1% this year and 3.2% next year, with an increase in 2024 projections due to a \u201cgreater-than-expected\u201d resilience of the United States economy and several developing countries and \u201cfiscal support\u201d in China. The entity also said fears of a \u201chard landing\u201d in the global economy have receded. Inflation rates are slowing down, and growth rates remain at a consistent pace. However, geopolitical shocks could lead to spikes in commodity prices, and prolonged high inflation could tighten monetary conditions.<\/p>\n<p><strong>Translated by El\u00fasio Brasileiro<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This year\u2019s GDP projections are based on the World Economic Outlook review, which also estimated 1.7% growth for Brazil.<\/p>\n","protected":false},"author":2316,"featured_media":358104,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[11910,22644,232,2062,2780,27134,550,28576,2781,1988,2063,1964,10626,11961,43434,43435,393],"class_list":{"0":"post-359244","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-arabia-saudita-en","9":"tag-brasil-en-2","10":"tag-brazil","11":"tag-commodities","12":"tag-crescimento","13":"tag-economia-en","14":"tag-economy","15":"tag-fmi-en-2","16":"tag-growth","17":"tag-imf","18":"tag-middle-east","19":"tag-oil","20":"tag-oriente-medio-ar","21":"tag-petroleo-ar","22":"tag-projecao-en","23":"tag-projection","24":"tag-saudi-arabia"},"wps_subtitle":"This year\u2019s GDP projections are based on the World Economic Outlook review, which also estimated 1.7% growth for Brazil.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/359244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=359244"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/359244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/358104"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=359244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=359244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=359244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}