IMF downgrades Middle East growth forecast amid structural economic vulnerabilities exacerbated by regional conflict
Original framing: “IMF slashes growth forecast for Middle East as Gulf exporters reel from impact of war - Reuters” — Reuters (via Google News)
Migrant workers, women, and youth are disproportionately affected by economic downturns in the Gulf but are rarely included in policy discussions. Their lived experiences and informal economic contributions are essential to understanding the true impact of crisis and recovery.
The IMF's revised growth forecast for the Middle East is a symptom of deeper structural issues rooted in historical dependency on oil, geopolitical interference, and the marginalization of alternative economic models.
By integrating indigenous knowledge, strengthening social protections, and promoting regional cooperation, Gulf states can build more resilient and inclusive economies. The role of international institutions like the IMF must be re-evaluated to ensure they support long-term systemic transformation rather than short-term stabilization. Historical parallels, such as the 1970s oil crisis, show that diversification and innovation are key to overcoming resource dependency. A cross-cultural and interdisciplinary approach is essential to crafting solutions that reflect the region's diverse realities and aspirations.