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

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

The International Monetary Fund sharply diminished 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 fuel exports.

Iran, Iraq and Qatar will probably be significantly hard-hit, the IMF’s World Economic Outlook warned, because it revised down its January prediction of three.9% regional growth this yr.

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