Global Economy Resilient Despite Middle East War, According to Major Agencies

Major international agencies, including the International Monetary Fund (IMF) and World Bank, have stated that the global economy has demonstrated resilience in the face of the ongoing conflict in the Middle East. Despite the ongoing tensions, the global economy has not seen a significant downturn, with growth expected to continue.

The agencies have reported a slower pace of growth, with the IMF projecting a 4.7% inflation rate and 3% economic growth. A key report from the World Trade Organization (WTO) also highlighted the ongoing trade uncertainty due to the Hormuz shock.

Regional growth varies, with the IMF forecasting a 5% growth rate for Indonesia's economy and a 4.7% growth rate for Malaysia. In contrast, the Nigerian economy is expected to grow at a rate of 4.1%.