The International Monetary Fund (IMF) has revised down its growth projections in the MENA region, falling to its lowest level in 50 years.
According to Arabiya Net, the fund expected in a report that the economies of the Middle East and North Africa will contract by 5.7% this year.
These pessimistic predictions come against the backdrop of the continued repercussions of the decline in oil prices and the spread of the new Corona virus.
This figure comes down by 2.4% from the Fund's expectations in April.
The Fund warned that the region will witness an increase in poverty and unemployment rates, which could fuel social unrest.
(Fun Knowledge of Knowledge)
