International institutions are constantly reducing their expectations for the growth of the global economy, especially by the International Monetary Fund and the World Bank. And the World Bank announced its expectations for the growth of the Middle East and North Africa region during the year 2023 to 3% instead of previous expectations of a growth of 3.5%, provided that growth returns to a slight increase in 2024 to about 3.1%. The bank said that the expected gross domestic product for the region will slow in 2023 to 3%, compared to 5.8% in 2022. The growth of oil-exporting countries, which benefited from unexpected gains in 2022, will also slow. The World Bank pointed to the pressures of high inflation, especially in food prices, He said that the inflation rate in the region increased significantly in 2022, especially in countries that witnessed currency depreciation. Egypt and Lebanon were the most prominent countries whose operations prices plunged. Because of the pressures it suffers from the lack of dollar resources, and the savagery of the parallel market for the exchange rate.
