IMF cuts West Asia, North Africa growth forecast to 1.1% over Iran war

IMF cuts West Asia, North Africa growth forecast to 1.1% over Iran war


A view of the International Monetary Fund (IMF) logo at its headquarters in Washington. File

A view of the International Monetary Fund (IMF) logo at its headquarters in Washington. File
| Photo Credit: Reuters

The International Monetary Fund sharply reduced its 2026 growth forecast for the West Asia and North Africa to 1.1% on Tuesday (April 14, 2026) as war chokes Gulf oil and gas exports.

Iran, Iraq and Qatar will be particularly hard-hit, the IMF’s World Economic Outlook warned, as it revised down its January prediction of 3.9% regional growth this year.



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