Ukraine: MENA suffers heavy blow due to soaring inflation ...Kuwait

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Ukraine: MENA suffers heavy blow due to soaring inflation

The invasion of Ukraine has "significantly" impacted the Middle East and North Africa, with the crisis dealing a heavy blow to low-income countries while benefiting oil-producing states, the IMF said on Wednesday. The International Monetary Fund's 2022 growth forecast for the region, which includes Arab countries and Iran, was forecast at 5.0 percent, up from the 4.1 percent prediction for this year made in October. But the predicted growth masks the disparities between the region's 22 countries, which range from major oil exporters to nations wracked by war and others that depend heavily on wheat imports as well as hydrocarbon imports.   Russia's invasion of Ukra

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