June 3, 2023

Dubai Week

Complete Dubai News World

Inflation in the Arab world in 2021 and 2022. Here are the results

Inflation in the Arab world in 2021 and 2022. Here are the results

Dubai, United Arab Emirates (CNN) – The Arab Monetary Fund has released the fourteenth edition of the “Arab Economic Opportunities” report on the economic performance of Arab countries. The report covers expectations that public prices in Arab countries will be affected in 2021 and 2022. This continues with the corona epidemic and its production and distribution chains and the direct effects on global prices for basic food and raw materials, especially oil, and the impact of economic-based health measures. Function and supply and quantity of demand.

The report said the gradual easing of controls and the gradual recovery of economic activity would increase demand in some Arab countries, resulting in rising inflation. In addition to the expectation that the general level of prices will be affected by the challenges faced by the local currency exchange rate in some countries as a result of the decline in foreign exchange reserves. Forecasts indicate that public prices will be affected by the impact of climate fluctuations on agricultural crops, so it will affect the supply of food items and prices in the local market.

According to the report, inflation in the Arab world is expected to be high in 2021, reaching around 11%, while expectations are that the decline in inflation in 2022 will reach around 6.1%.

See a chart of inflation expectations for each Arab country in 2021 and 2021.

See also  More than 80 people are missing after a landslide at a jade mine in northern Myanmar .. Video