Middle East Economy War Tired

According to a recent report by the International Monetary Fund (IMF), the economic impact of the conflicts in the Middle East and North Africa is much worse than anticipated.

In its report, the IMF warns that inflation in these regions has risen, currency values have fallen, and the number of refugees flocking to neighboring countries has risen rapidly due to economic troubles.

The report draws attention to the fact that Syria’s gross national product has decreased by half due to the war, and Yemen’s economy has shrunk by a quarter. According to the report, the Libyan economy suffered a 24 percent loss in 2014 due to the fall in oil prices. Conflicts in Gaza and the West Bank have been hampering economic growth for the last 20 years. 3 million refugees arriving in Turkey, has brought together economic problems.

The report says that international institutions need cash and guidance assistance to prevent future wars.

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